Market Sell-Off: 1 Stock-Split Stock to Buy on the Dip and Hold Forever

Market downturns aren't selective. They don't just drag down the stocks of struggling companies. Instead, they impact most players -- even the strongest. And that's why there's one positive point about a market sell-off -- the opportunity to pick up solid stocks for bargain prices.

The stock I'm thinking of right now is one that has posted tremendous gains over time. It actually reached a record high of more than $3,600 late last year. And just a few weeks ago, the company completed a 20-for-1 stock split.

This stock also happens to be a leader in two major markets -- cloud computing and e-commerce. Which company am I talking about? None other than Amazon (NASDAQ: AMZN). Let's look at why it's a stock to buy now and hold forever.

Source Fool.com