3 Reasons to Buy Amazon Stock After the Split
Amazon's (AMZN) stock is a decent purchase now on the grounds that its stock split could give a short-term boost.
The company's valuation is one of the lowest in recent years and its AWS business has a lot of potential to grow.
Stock splits often work as the market sentiment for the company's growth. Moreover, it will be accessible at lower prices.
In terms of performance, the company is a consistent performer with a Grade 'F' valuation. So there is a lot room to grow.
Even though Amazon has some issues with its E-commerce business, its biggest strength is its tech service, AWS.
Amazon's cloud services make their customer ultra happy because it is easier to use, reliable, and more secure and extremely cheaper.
Profits in AWS are up by 57% and Revenues are still growing at 30% YOY. Even though e-commerce is the biggest money maker for the company, in the long run, AWS will replace it.
Highly successful Bluechip companies like Amazon will definitely return to All-time highs eventually with a lot of things on a positive note.
So buying Amazon (AMZN) stock after a lower valuation in recent times could bring in some great opportunity.