Worried About Amazon? Buy This Fast-Growing Stock Instead
It's not looking good these days for online retail giant Amazon (NASDAQ: AMZN). The company is bracing for what's likely to be a tough year in 2023 with a potential recession on the way. It recently announced plans to lay off 10,000 employees, and there could be more to come as inflation remains high and it's too early to tell when the economy will stabilize.
For investors eager to ditch the troubled tech stock for a growth stock with more potential, you may want to consider buying shares of Hims & Hers Health (NYSE: HIMS). The company is coming off an impressive quarter and is projecting more growth ahead.
Hims & Hers is a telehealth company with a particular focus on sensitive topics, including hair loss and erectile dysfunction. It also conveniently ships prescription medication directly to its customers. Hims & Hers has carved out a niche for itself in an area that may not get as much attention from other telehealth businesses.
Source Fool.com
