Is Amazon Stock a Buy Now?
There may be some real no-brainer buys in the stock market, but every stock requires a full evaluation before purchasing. Even Amazon (NASDAQ: AMZN), king of e-commerce, has been dealing with its own struggles lately. But it's also rebounding now with accelerating growth. Let's explore the data and see if Amazon stock is a buy today.
E-commerce is Amazon's meat and potatoes, so to speak. Amazon began as a bookseller, and within a few years it had acquired several other e-commerce companies and was on its way to becoming the giant it is today. Despite the preponderance of e-commerce companies that took off early in the pandemic, Amazon has maintained an incredible lead over its competitors, with about 38% of the total U.S. e-commerce market share, according to Statista.
It's also taking steps to get even better. It recently restructured from a national to a regional fulfillment network with eight regions. CEO Andy Jassy noted that as e-commerce accelerated early in the pandemic, Amazon had to massively expand to meet rising demand, with its logistics network becoming as big as in about two years.
Source Fool.com
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