From Nasdaq:

Amazon, with a market cap of $1.8 trillion and net sales of $575 billion in 2023, continues to dominate multiple industries. Its e-commerce segment alone generated $114 billion in sales in Q4 2023. With 4.5 billion website visitors in January, Amazon’s reach is undeniable, making it a top FAANG stock to consider.

Amazon’s success extends beyond e-commerce, as it leads in digital advertising, streaming with Prime Video, and cloud services through AWS. Despite competition, Amazon maintains its dominant position, with Prime Video surpassing Disney+ and Hulu in engagement metrics. With a P/S ratio of 3.2, Amazon remains an attractive investment option with projected revenue and operating income growth.

Investing in Amazon offers significant potential for returns, but other stocks may provide even greater opportunities. Stock Advisor’s team has identified 10 top stocks for investors, excluding Amazon. With guidance on portfolio building and regular updates, Stock Advisor aims to outperform the S&P 500. However, the decision to invest in Amazon ultimately depends on individual financial goals and risk tolerance.



Read more at Nasdaq: 2 Reasons to Buy Amazon Stock Like There’s No Tomorrow