FinkAvenue
Shares of Amazon.com (NASDAQ:AMZN) have delivered a total return of 21% since my previous piece, Amazon: 7 Reasons Why The Stock Is A Strong Buy Now, was published on October 15, 2024. Comparably, the S&P 500 has delivered a total return
Amazon: 4 Reasons Why The Stock Remains A Strong Buy Heading Into Q2 Results
Summary
- Amazon has outperformed the S&P 500, delivering a 21% total return since my prior piece, driven by strong business performance and multiple expansion.
- I remain bullish on Amazon ahead of Q2 due to its consistent earnings beats, AWS growth acceleration potential and tariff tailwinds.
- The stock continues to trade at an attractive valuation relative to peers and its own historical valuation history.
- I am re-iterating my Strong Buy rating on the stock.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Long MSFT as well
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