From Nasdaq: 2024-11-20 18:06:00

Amazon is targeting growth in its consumer-oriented business by launching Amazon Haul, a new app offering discounted items sourced from China-based sellers like Temu and Shein. This move could help Amazon tap into a younger consumer market and compete with popular e-commerce apps. Free shipping is available for orders over $25.

In addition to e-commerce, Amazon is expanding into telehealth by offering upfront pricing for health issues like ED and men’s hair loss. This move aims to undercut prices on popular online pharmacy drugs and expand its subscription sales. With Amazon’s large customer base, this could be a significant growth driver for the company.

Investors considering Amazon stock should take note of its strong position in cloud computing and artificial intelligence. The company’s investments in AI and other high-growth areas present valuable opportunities. With a forward P/E ratio of under 33, Amazon remains an attractive investment option, especially given its potential for growth in various sectors.



Read more at Nasdaq: Amazon Sets Sights on Both Hims & Hers and Temu. Is This a Golden Opportunity to Buy the Stock?