Better Buy: Apple vs. Amazon
After an economically challenging 2022, the stock market has been on a bull run this year. The Nasdaq Composite index has climbed 26% since Jan. 1 as easing inflation and technological advances have made investors bullish. However, many analysts believe the current optimism won't last forever, and the market will start trending down in the coming months as earnings slip from lingering macroeconomic hurdles.
As a result, it's a good idea to use this time to invest in solid growth stocks that are likely to offer gains over the long term, no matter the economic climate. As the leaders of markets such as consumer electronics and e-commerce, (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) are excellent options to fortify your portfolio in uncertain times.
However, if you are only looking to add one stock right now, you'll need to know the better option. So, let's assess whether Apple or Amazon stock is the better buy.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 146 Buy predictions and 17 Sell predictions.
With a target price of 224 € there is a slightly positive potential of 7.93% for Apple Inc. compared to the current price of 207.55 €.
