'm going to walk you through my reasons for purchasing shares of Amazon Stock and it beings with being a reliable big tech company which is selling on discount. After, I will share some of the information I have gathered with you and eventually tell you about the Amazon Prime Day event coming up on July 12th-13th which will give you tremendous discount on products all across it's website like Cyber Monday, Black Friday, Christmas, and New Years to the likes of them. Without further ado, here is the walk I am taking you on:
Amazon is a reliable stock because they are a mega cap trillion dollar company which demonstrates assurance that the company has several hundreds of billions of dollars to fund their operations during economic downturns such as the current bear market we are enduring. Further, long-term historical company success is not a indicator of future success but is a valid indicator of past success and demonstrates the company has overcome several bear markets including the 2001 dotcom bubble which Amazon of which Amazon is an E-commerce dotcom stock. Also, Amazon dwarves competition such as Wal-Mart and Target of which Amazon is at the front of E-commerce and as we saw major success during Covid-19 when restrictions were imposed nationwide, this company grew to produce outstanding returns it's competitors (if you will) could not compare to.
Amazon could very well potentially be a candidate constituent for the DJIA index which will grow the value and price of the stock considerably. I can't quantify relatively how much this would be, but there may be methods to estimation.
Amazon as stated above is the crowned leader in E-commerce, but is also the undisputed leader in cloud computing in which is has acquired over a 30% market share trailing ahead of several and many major companies. Further, Amazon has considerable revenue from other venues like it's own video streaming service which has gartered quite a customer base, and is geared up to compete with few on it's respective leader, rest assured, Amazon Streaming is not going to go away anytime soon, just like it's AWS cloud computing which is claimed to be a major success on the level of a trillion dollars itself.
Amazon is selling at a discount, due to the overall market. Amazon just conducted a 20-1 stock split which had proved successful for any short-term trader, but more than anything makes the company more affordable for the average investor, or anyone looking to get in on the opportunity to invest in the safe company which high prospects.
Finally, Amazon is having their company holiday shopping day event on July 12th-13th this year. The company will be offering steep discounts on electronics and other products across it's E-commerce platform. They will also be offering a trial for Amazon Prime which provides free shipping for their products as well as well as to streaming movies and tv shows.
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