Is Amazon Stock A Buy Right Now?
Amazon has multiple business units that should bring robust revenue growth and rising profit margins over the next several years, as the pandemic continues to boost online purchasing.
Having said that, after a second-quarter earnings report that blew past estimates and the third quarter report coming, is Amazon stock a buy?
The company has demonstrated a resistance to Covid-19.
As the infection rate of the coronavirus spread shutting down businesses and forcing consumers to shelter at home Amazon was well-positioned to benefit in the shifts in consumer behaviors and equally significant shifts in how companies conduct business.
Amazon holds the key capabilities, vast global infrastructure and financial strength necessary to support the needs of people and organizations around the world, while also positioning itself as a beneficiary of accelerated digital transformation.
Due to the pandemic, people are buying more online than ever before.
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