AMZN - Amazon Is Phenomenal but Is Another E-Commerce Stock a Better Buying Opportunity Right Now?
2024-06-24 06:20:00 ET
Not many businesses dominate quite like Amazon (NASDAQ: AMZN) does. The massive tech enterprise is currently valued at nearly $2 trillion. This huge figure comes from a rapidly rising share price, which has soared $1,000% in the past decade and 7,400% in the past 20 years.
This " Magnificent Seven " stock has rewarded its shareholders in remarkable fashion. However, investors might want to consider another e-commerce business that could be flying under the radar right now. It might even be a better buying opportunity than Amazon.
I believe we should first take the time to appreciate Amazon. The company originally sold just books online during its founding in the 1990s. But now, virtually any item you can think of can be purchased on the popular website.
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Amazon Is Phenomenal, but Is Another E-Commerce Stock a Better Buying Opportunity Right Now?