If I Could Buy Only 1 Stock, This Would Be It
Amazon (NASDAQ: AMZN) generated a staggering $443 billion in revenue on a trailing-12-month basis through the second quarter. The e-commerce giant has growing operations in such diverse fields as transportation, advertising, cloud services, and entertainment -- and that's just skimming the surface.
If I had to put all of my available cash in one stock, I can't think of a better vehicle to protect and grow that money than Amazon. It probably has as wide of a competitive moat as any business in the world, and when we look at where the company was seven years ago compared to today, there's a good chance Amazon's moat is going to widen even further over the next decade.
Image source: Amazon.
Source Fool.com
