Why Is Everyone Talking About Amazon Stock?
Amazon's (NASDAQ: AMZN) stock price slid nearly 8% on July 30 after the e-commerce and cloud giant posted its second-quarter numbers. Its revenue growth fell short of analysts' expectations, and it provided lower-than-expected revenue guidance for the third quarter.
Amazon's decline weighed down other e-commerce and cloud stocks, since it's considered a bellwether of both markets. Many Wall Street analysts also hastily lowered their price targets on the stock, citing tough upcoming comparisons in a post-pandemic market. Let's examine the core conversations revolving around Amazon, whether the bulls or bears have the upper hand, and if it's still a worthy investment.
Image source: Amazon.
Source Fool.com
