Amazon stock down 7% in July, but positive indicators suggest now is a good time to buy

From Nasdaq: 2024-07-22 20:15:00

Technology investors are on edge as Q2 earnings approach. AI drives enthusiasm in the tech sector, but concerns linger about valuations. Amazon (AMZN) stock is down 7% in July. With earnings on Aug. 1, is now a good time to buy? AWS revenue grew 17% YoY in Q1. Investors await updates on AI investments. Operating cash flow rose 82% in the last year. Now might be a good time to buy Amazon stock for the long term. Motley Fool analysts identify 10 stocks with high growth potential, excluding Amazon. Consider investing for long-term gains.



Read more at Nasdaq: Should You Buy Amazon Stock Before Aug. 1?