The stock market is a great place to invest your money. The market can be volatile, but when played right can give you higher returns than any other investment avenue. Many people are skeptical about putting their money in stocks, because of how sudden and unpredictable the changes in the market can be. Most investors do not like to take on that much risk in fear that they may end up losing their money. But most millionaires and billionaires have earned their fortune by playing in the stock market, by being wise and investing with a strategy.
If you want to start investing in the stock market, you must first decide what your objective of investing is. On the basis of what you are expecting for the investment, you can pick the stocks that perform well and will help you fulfil your goals. If you are buying stocks for the first time, you should first do some research and see which industries are doing well and which companies in those industries are performing well. This will help you make a sound decision about the stocks you want to invest in. Some well-known stocks are from companies like Amazon, Tesla, Facebook, Netflix, etc.
One of the hot picks for traders and investors is the NASDAQ:AMZN stock. Amazon, traded as ‘AMZN’ on the Nasdaq stock exchange, was founded 26 years ago in 1994 by Jeff Bezos in Bellevue, Washington. The huge success of Amazon.com has made Jeff Bezos one of the richest people in the world. The company was known as Cadabra Inc. from 1994 to 1995 and later changed to Amazon.com Inc. The company is valued at $1.61 trillion and is one of the trillion-dollar companies among the 5 in the world. The company is headquartered in Seattle, Washington, USA. The company engages in e-commerce business through Amazon.com, digital streaming service via Prime Video, artificial intelligence such as the Amazon Alexa virtual assistant and cloud computing solutions in the form of Amazon Web Services. They have many other products and services under the Amazon brand.
Nasdaq AMZN is currently being traded for $3,162.16. Since the pandemic was declared, this stock’s price has increased by 73{dced35f2776b3e1412556b9ecee1d02290aed63754e131837755920ed54dbd97} from the pre-pandemic price of $1,820.86. This shows that the stock has huge growth potential and it is advisable to buy the stock. In the previous quarter, Amazon.com reported an EPS of $12.37, $4.96 higher than analysts’ estimates. The growth trajectory of Amazon does not seem to be slowing down anytime soon, as there is a rising demand for e-retail services. Before investing, you can check its cash flow at https://www.webull.com/cash-flow/nasdaq-amzn.
