Does Amazon's Current Valuation Make the Stock a No-Brainer?
When the stock market enters bear territory, as it has in 2022, nearly every stock takes a hit, because the market tends to overcorrect. Many investors panic when the market slumps, but this is the best time for long-term investors to identify undervalued companies that could provide juicy long-term returns. We just have to know where to look.
Amazon (NASDAQ: AMZN) long been a stock market darling, but in the past year, it has become more of a pariah after falling more almost 40% from its all-time high. What caused such a massive shift? Well, recent headwinds include:
Two of the company's three segments have swung to operating losses, and it has spent billions addressing these issues.
Source Fool.com
