Forget Amazon: I Think This Stock Should Replace It in the "Magnificent Seven"
There's no question that Amazon (NASDAQ: AMZN) has been a tech dynamo for much of its history, and it has delivered monster returns to its long-term investors.
However, more recently, the company's results have been mixed. Yes, Amazon stock has nearly doubled over the past year, but that's only because it fell so far in the bear market of 2022. In fact, Amazon still hasn't eclipsed its peak from 2021, even as the S 500 and Nasdaq Composite are back to setting new all-time highs.
While Amazon's recent results have been solid, there are also signs that the company is losing its edge. Revenue growth at its cloud computing business, Amazon Web Services, has slowed substantially, down to 13% in the fourth quarter, well behind its two biggest rivals, Microsoft Azure and 's Google Cloud. Growth in its e-commerce business has slowed to a similar pace, and it's even been outpaced by Walmart.
Source Fool.com
Alphabet Inc. A Stock
With 85 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 177 € there is a slightly positive potential of 7.17% for Alphabet Inc. A compared to the current price of 165.16 €.
