7 Forever Stocks That Are Never Bad to Buy - 1 of 7

#1 - Amazon (NASDAQ:AMZN)

Amazon.com logo

I’m usually hesitant to put Amazon (NASDAQ:AMZN) on a list like this because it seems too obvious. And with a stock price of around $3,300 per share, many investors view Amazon as a stock that’s too expensive for their portfolio.

And there’s a reason for that. Amazon has a market capitalization of $1.67 trillion. And AMZN stock has grown over 400% in the last five years. And in the last 12 months, the stock has climbed 37%. The company is a cash-flow generating machine and has strong revenue from both its e-commerce and Amazon Web Services (AWS) businesses.

And yet for all of that, Amazon stock is up just 3% in the last six months. Many investors are looking to see if the grass is greener with one or more of these newly public companies. But it doesn’t get much greener than Amazon which, even without a dividend, merits a spot on this list.

About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.Read More 

Current Price: $3,352.10
Consensus Rating: Buy
Ratings Breakdown: 39 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $4,163.79 (24.2% Upside)

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