Yes, I'd Buy Amazon Stock on This Post-Earnings Dip. Here's Why
There's no denying it -- Amazon (NASDAQ: AMZN) just disappointed a whole bunch of shareholders. Not only did the e-commerce giant's second-quarter sales fall short of estimates, but its third-quarter revenue guidance is also shy of analysts' expectations. The stock's well down in response to the report, reaching a new multiweek low as a result of the tumble.
This sell-off, however, is ultimately a buying opportunity. Investors are so consumed by these two red flags that they're not seeing the bigger, bullish picture.
Here's the deal.
Source Fool.com
