Should You Buy Amazon Before the First-Quarter Earnings Report?
Amazon (NASDAQ: AMZN) stock has been a great investment over the past 10 years, notching a price gain of 1,652%. The e-commerce giant had an amazing 2020, filling orders for millions of new Prime members (as well as the millions of existing ones), making inroads into its many new business segments as it managed during the coronavirus pandemic, and generating more than $386 billion in revenue (up 37.7% from 2019).
As 2021 marks a turning point in the pandemic and more people get vaccinated and again venture out into the community, will this return to normalcy dent Amazon's next earnings report (scheduled for release Thursday)? Or should you bet on more of the same and buy shares now, before the fiscal 2021 Q1 release?
Amazon has built itself up from a not-so-simple bookseller to become not only the top e-commerce company in the world, but the second-largest U.S. company as measured by revenue, only topped by rival retailer Walmart.
Source Fool.com
