Should I Buy Amazon Stock?
Amazon (NASDAQ: AMZN) was built for shelter-in-place. The company had to shift some of its supply chain to meet changing consumer demands, but it did that relatively quickly -- and the online leader has been thriving.
Stock in the retail giant has traded near its 52-week highs, despite prices taking a bit of a dip after it reported first-quarter earnings. That's not due to the company reporting bad news. Net sales rose by 26% to $75.5 billion, but net income dropped to $2.5 billion from $3.6 billion in the same quarter last year.
That drop happened due to the added expense of adjusting its business to operate during the coronavirus pandemic. Some of those costs are ongoing, while others were one-time adjustments brought on by the current circumstances.
Source Fool.com
