8 Stocks to Buy and Hold Despite Market Selloff - 1 of 8

#1 - Amazon (NASDAQ:AMZN)

Amazon (NASDAQ: AMZN) - Forget about the fact that Amazon's stock has suffered some of the worst losses since this correction began in October. Forget the noise about interest rates and inflation affecting consumer confidence. And pay little attention to the announcement that the company had its worst quarter since 2008. Look out your window. I don't know about you, but I see delivery trucks stopping at houses every day delivering packages from Amazon. Every. Single. Day.  The word "disruptive" is thrown around (and misused) a lot in business, but Amazon is defining disruptive every day. It has re-invented what an entire generation thinks of as a retail business, moving it from the mall to their phone. That is a disruption. And that is why anything negative you hear about this stock right now is just noise. And millennials aren't just Amazon customers, they're investors. It has survived major market events before and come back stronger. There is nothing to indicate that this time will be any different. 

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Read More 

Current Price

$181.28

Consensus Rating

Buy

Ratings Breakdown

44 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.

Consensus Price Target

$202.80 (11.9% Upside)