Why Amazon (AMZN) is a Top Momentum Stock for the Long-Term

From Nasdaq: 2024-11-20 09:50:12

Zacks Premium offers tools for investors to navigate the stock market confidently. With daily updates, equity research reports, and stock screens, users can access the Zacks Style Scores to rate stocks based on value, growth, and momentum. The VGM Score combines all three styles, helping investors pick winning stocks.

The Zacks Rank model has a proven track record, with #1 (Strong Buy) stocks outperforming the S&P 500. Investors can use the Style Scores in conjunction with the Zacks Rank to select stocks with the highest probability of success. For example, Amazon (AMZN) is a #2 (Buy) with strong Momentum and VGM Scores, making it a top pick.

Director of Research Sheraz Mian has selected a company as the “Single Best Pick to Double,” targeting millennial and Gen Z audiences with nearly $1 billion in revenue. This stock has the potential for explosive upside, surpassing previous Zacks’ Stocks Set to Double. Investors can access the top stock recommendation and four runners-up for free.



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