August may have just begun, but it has already been a tough month for Amazon (NASDAQ: AMZN) shareholders. The stock initially sank after the e-commerce giant missed analyst revenue estimates when it reported its Q2 results.

Meanwhile, the stock has continued to drift lower, caught in the global market sell-off. A small interest rate hike in Japan and the unwinding of the carry trade appears to be one reason behind the market's recent weakness.

Let's take a closer look at Amazon's most recent results to see if the sell-off is a good opportunity to buy the stock.

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Source Fool.com