The Ultimate Growth Stock to Buy With $1,000 Right Now

After a fast start to the year, the Nasdaq Composite index is taking a breather. And with the recent dip, even some of the most dominant stocks are experiencing some weakness. The so-called "Magnificent Seven" aren't immune.

Look at Amazon (NASDAQ: AMZN). The tech giant recently was trading 8% off its peak, which presents investors with a rare opportunity to scoop up shares. Here are four reasons Amazon is the ultimate growth stock to buy with $1,000 right now.

While investors often get excited about owning earlier-stage companies that seemingly have much greater growth prospects, these types of situations are often very risky. With Amazon, the risk is much lower given just how dominant the business is and the presence of a wide economic moat. These competitive advantages are one key reason to buy shares.

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Source Fool.com