Amazon Investors Get a Reality Check

For years, Amazon (NASDAQ: AMZN) has felt like a must-own stock.

The company has many competitive advantages. It dominates huge industries like e-commerce and cloud computing, and it's become a necessity in modern life for many Americans, especially during the pandemic.

Indeed, buying the stock at almost any point in its history has proven a wise decision. That's why it was a bit of a shock to see Amazon's stock price finish down nearly 8% after a seemingly strong second-quarter earnings report. Amazon stock is fallible, it turns out.

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Source Fool.com