Amazon Stock Just Set a New All-Time High. Here's Why I'm Still Buying.
Some investors understandably worry about purchasing stocks when they are at all-time highs. While it seems like a stock would be vulnerable to a drop at those levels, it's best to look at the bigger picture. Over the long term if it's a quality business, the stock should continue to gain in value.
Amazon (NASDAQ: AMZN) recently hit a new all-time high in early May, but has pulled back a couple of percentage points since then. Still, I think Amazon's stock is a great buy right now. Here's why.
Amazon has been firing on all cylinders as a business. It divides its business into three divisions: North America, international, and Amazon Web Services (AWS). In previous quarters, at least one of its three major segments wasn't doing well, but that's not the case now.
Source Fool.com
