Why Amazon Is My Top Stock for 2022
Given Amazon's (NASDAQ: AMZN) dominant position in e-commerce, cloud computing, and its growing advertising business, investors might have expected the company's stock to perform a bit better than its 4.3% return year to date. Amazon trailed the 27.3% return of the S&P 500 index, but history shows that better returns usually follow when great companies see their stock prices underperform.
The market is focused on the year-over-year growth comparisons with the pandemic in 2020, which makes Amazon's latest earnings results look weak. The online juggernaut reported 15% revenue growth in the third quarter and expects to report top-line growth between 4% and 12% to close out the year. Those numbers are not what investors are used to seeing from the e-commerce leader.
Image source: Amazon.
Source Fool.com
