Why I Bought More Amazon Shares After Earnings
Amazon.com (NASDAQ: AMZN) stock fell after the company reported its second-quarter earnings results on July 29. Investors were disappointed by slowing revenue growth and management's outlook, which includes an even bigger slowdown in the third quarter.
But if you look at what's really happening at Amazon, there are a lot of reasons to be optimistic about the long-term revenue and profit growth of the company. That's why I snatched up a few more shares of the FAANG stock after the sell-off.
Image source: Amazon.com.
Source Fool.com
