Themes: Pagination size: Use the left or right arrow keys to navigate between pages 😉You can swipe to left or right to navigate between pages 😉

Amazon Stock Is Down Big. Get Ready for a Huge Rally.

[]1 week ago

Updated November 25, 2022 / Original November 23, 2022

  • Order Reprints
  • Print Article

Back in July, I wrote a Barron’s cover story that made a bullish case for tied to the enormous long-term value of the company’s cloud-computing arm, Amazon Web Services. Mea culpa. Amazon shares have since fallen 25%, amid concerns about the near-term growth prospects for both the company’s core e-commerce business and for AWS.

While those worries are valid, I’m more convinced than ever that it makes sense to buy Amazon com (ticker: AMZN) shares for the long haul. So, while shopping for Squishmallows and Barbie Dreamtopia Mermaid dolls over the holiday season, you might want to commit a few bucks to Amazon shares, as well.

Related articles:

[] The 3 Best Electric Vehicle Stocks to Buy Now[] The personal savings of Americans have plunged to a shockingly low $626 billion — from $4.85 trillion in 2020. Here are 3 easy ways to buck that dangerous downtrend[] Fed Meeting Will Dictate Market Moves: Wealth Manager[] The Next U.S. Energy Revolution Is Here. These Companies Will Benefit.[] Walmart overtakes Amazon in shoppers' search for Black Friday bargains