Could This Bull Market Buy Help You Become a Millionaire?
What sort of stock makes a top bull market buy? Well, the company should have a solid track record of earnings growth and share price performance, operate in a high-growth market, and offer promising prospects well into the future. This sort of stock may have already driven the gains of at least one benchmark index such as the S&P 500. Bull markets generally favor growth companies, which often flourish during periods of expansion.
One particular player that fits the bill is a company many of us know well because it sells us everything from groceries and essentials to general merchandise -- and delivers it all right to our door. I'm talking about Amazon (NASDAQ: AMZN). The company is a leader in the growth market of e-commerce, but its dominance doesn't stop there. Amazon, through Amazon Web Services (AWS), is also the top player in cloud computing, a business that's actually driving overall profit at the company.
All of this is great. But could this bull market buy help you become a millionaire? Let's find out.
Source Fool.com
