Is Amazon stock a good investment?
Amazon’s stock price gained more than 7% on better-than-expected sales and cloud revenue.
Earnings per share were particularly strong, exceeding consensus analyst estimates by more than 60%.
Amazon’s big quarter has reassured the market that the company is still making the right calls on investing in its business.
Is Amazon a good stock to buy 2020?
The stock is a short-term winner, too
So it’s good to see that a stock is a short-term outperformer. In 2020, Amazon stock is up 5.5% through March 31, whereas the S&P 500 (including dividends) is down 19.6% over this period due to investors’ concerns about the economic fallout from the coronavirus pandemic.
Will Amazon stock go up in 2020?
Amazon.com, Inc. (AMZN) stock closed 2019 at $1,847.84 and closed Friday, Jan. 17 at $1,864.72, up just 0.9% so far in 2020. The stock is in bull market territory at 42.7% above its low of $1,307.00 posted on Dec.
Is it good to buy stocks right now?
Based on the known knowns, buying stocks right now is a good idea for investors with a long-term perspective. We don’t know how long the coronavirus crisis will last or how much more the stock market might decline. Having money to buy stocks at potentially even cheaper prices makes sense.