Down 20% This Year, Here Are 3 Reasons Why I'm Still Loading Up on Amazon Stock
The stock market has been on a wild ride since President Trump announced his new tariff plan on April 2. The tariffs, which will affect over 180 countries, sent all major indexes plunging, and virtually all big-name tech stocks followed the same path.One of the hardest-hit tech stocks was Amazon (NASDAQ: AMZN), down over 10% since the tariff announcement and over 20% since the start of the year. This sell-off can be pinned to the new 34% tax on Chinese imports. Amazon operates its e-commerce platform, but if you have ever bought from it, you may have noticed that many products come from third-party sellers, not Amazon directly.Investors fear a domino effect. Sellers face high costs, which they pass on to customers, which could discourage customer spending. And although these are real concerns for Amazon's business, I'm loading up on the stock as its share price falls. Here are three reasons why.Continue reading
The stock market has been on a wild ride since President Trump announced his new tariff plan on April 2. The tariffs, which will affect over 180 countries, sent all major indexes plunging, and virtually all big-name tech stocks followed the same path.
One of the hardest-hit tech stocks was Amazon (NASDAQ: AMZN), down over 10% since the tariff announcement and over 20% since the start of the year. This sell-off can be pinned to the new 34% tax on Chinese imports. Amazon operates its e-commerce platform, but if you have ever bought from it, you may have noticed that many products come from third-party sellers, not Amazon directly.
Investors fear a domino effect. Sellers face high costs, which they pass on to customers, which could discourage customer spending. And although these are real concerns for Amazon's business, I'm loading up on the stock as its share price falls. Here are three reasons why.
