3 Reasons to Buy Amazon Stock Right Now
The post-COVID slowdown hasn't been kind to Amazon (NASDAQ: AMZN), and the stock is down 45% so far this year. While the company's e-commerce operations are experiencing weak growth and margins, Amazon is much more than just an online retailer. Let's explore three potentially overlooked factors that could make the stock a buy for long-term investors.
Amazon's third-quarter results were a mixed bag. Revenue grew by 15% year over year to $127.1 billion, but operating income almost halved to $2.5 billion because of challenges like inflation and overexpansion during the pandemic boom of 2020 and 2021. But while its North American and international e-commerce segments are both bleeding cash -- with operating losses of $400 million and $2.5 billion, respectively -- its cloud computing business, Amazon Web Services (AWS), is helping to pick up the slack.
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Source Fool.com
