How the mighty have fallen: Amazon (NASDAQ: AMZN) has given up nearly all the gains it made after 2020's big coronavirus-fueled sell-off. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) isn't in quite as bad of a predicament. However, its shares are back to where they were two years ago after sinking 39% in 2022.

These horrid performances might cause some investors to want to throw in the towel altogether on the pair of former highfliers. My take, though, is the 180-degree opposite of this view. Here's why Amazon and Alphabet are still two of my highest-conviction stocks in 2023.

To be sure, Amazon and Alphabet have some drawbacks. There's no such thing as a perfect stock. But I believe that the negatives for Amazon and Alphabet aren't as bad as some might think.

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Source Fool.com