Stock Market Rally: Why I'm Loading Up on These 2 Stocks
The market has been surging lately. Through the end of November, the S 500 was up 20% for the year and the Nasdaq Composite had risen 37%. Along with market rallies come increased prices for stocks. This is something inventors should be aware of because paying too much for a stock can diminish returns. During a market rally, the trick is to identify great companies that have not become prohibitively expensive.
Here are two stocks that I have been loading up on during this rally because they have bright futures and are still trading for reasonable valuations. Let's dive in and see what makes these stocks a buy right now.
E-commerce leader Amazon (NASDAQ: AMZN) has been on my buy list all year. Heading into 2023, the stock was beaten down by several disappointing quarters in 2022. At the start of this year, Amazon's stock had dropped 51% off its high, presenting a compelling buying opportunity.
Source Fool.com
