Forget Penny Stocks -- Amazon Is Better Protection Against Market Turmoil
Speculators are drawn to low price points, and that's a dangerous game. The notion that low-priced stocks have more upside than investments with chunky share prices is flawed, but that doesn't stop new investors from diving into penny stocks. More than a quarter of the 100 most-owned stocks by Robinhood members have price tags in the single digits. Let's go the other way.
The largest price point among the Robinhood 100 is Amazon (NASDAQ: AMZN), and with a stock price above $3,000, it's far from a penny stock. Amazon commands the third-largest share price among stateside listed companies, and the world's leading online retailer is likely to beat any basket of penny stocks. Let's dive into why Amazon is the stock to own to protect against market turmoil.
Image source: Amazon.
Source Fool.com
