Is Amazon Stock a Long-Term Buy?
If you invested in Amazon (NASDAQ: AMZN) at the start of any year over the last 20 years, you'd be up on your investment five years later, every time. And this is true as well for time periods that haven't yet hit the five-year mark. For example, if you invested at the start of 2024, you'd be up right now even though the stock has pulled back more than 20% from its high.In other words, it's been a bad idea to bet against the stock, historically speaking. Nevertheless, there are some investors who are betting against this retail and cloud-computing giant due to economic uncertainty.But Amazon stock is likely still a great long-term buy for those who can tune out the noise, as I'll explain.Continue reading
If you invested in Amazon (NASDAQ: AMZN) at the start of any year over the last 20 years, you'd be up on your investment five years later, every time. And this is true as well for time periods that haven't yet hit the five-year mark. For example, if you invested at the start of 2024, you'd be up right now even though the stock has pulled back more than 20% from its high.
In other words, it's been a bad idea to bet against the stock, historically speaking. Nevertheless, there are some investors who are betting against this retail and cloud-computing giant due to economic uncertainty.
But Amazon stock is likely still a great long-term buy for those who can tune out the noise, as I'll explain.
