Don't Let the Sinking Stock Price Scare You: Amazon Is a No-Brainer Buy
E-commerce colossus Amazon (NASDAQ: AMZN) saw its stock price decline in recent months, dropping from over $100 per share to a 52-week low of $81.43 on Jan. 6. But rather than flee from the retailing giant, investors with an eye toward the long term can take the opportunity to scoop up these beaten-down shares.
Wary investors burned by the stock market's tech wreck of 2022 may feel skeptical of Amazon. After all, the company struggled with profitability last year. Through the first three quarters of 2022, Amazon reported a net loss of $3 billion compared to net income of $19 billion in 2021.
Yet, a closer look at the factors affecting Amazon's business last year reveals the retailer's path to recovery. This, combined with the many revenue-generating weapons in Amazon's arsenal, including a burgeoning advertising business, explains why Amazon stock is poised to bounce back.
Source Fool.com
