TomCap
10-30

$Amazon.com(AMZN)$ AMZN is always trying to cut costs through scale, AI-driven efficiencies, and organic growth of the higher margin businesses outpacing the low margin business growth. What is not transparent is how AMZN passes the savings down to the customers. AMZN is a defensive stock like $Wal-Mart(WMT)$ but grows like a high-growth stock. For this reason, you should own AMZN in a recession as well as in good times.

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