Amazon, Amazon (AMZN) and Amazing πβ π₯
Amazon provides a strong foundationto any investment portfolio.
Any good recipe needs a focal point -- a solid base on which everything else is built. When it comes to a stock portfolio, Amazon provides that wonderful foundation.
Amazon is one of the world's premier companies. It operates across several segments: e-commerce, cloud computing, and advertising. With over 40% market share, Amazon dominates the e-commerce market. Its cloud business, Amazon Web Services, holds the largest share of the red-hot cloud infrastructure market. Finally, its advertising business is taking market share from competitors like Alphabet and Meta Platforms.
Amazon's size and scale are truly jaw-dropping. With $486 billion in revenue over the last 12 months, the company is now the second-largest American company by revenue (only Walmart generated more). What's more, analysts not only expect Amazon's growth to continue -- they expect it to accelerate.
Wall Street expects Amazon's revenue to grow to $522 billion this year -- up 11% from 2021. Yet, they estimate that figure to jump to over $600 billion in 2023, a surge of more than 15%. At that rate, it's possible Amazon's revenue total could overtake Walmart within two to five years.
Adding to its appeal, Amazon stock is the cheapest it has been in years. Its current price-to-sales ratio is 2.7x, significantly below its five-year average of 3.8x.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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