SE - Love Amazon? This Alternative Stock Might Have Higher Upside.
2024-04-07 15:46:00 ET
Tech giant Amazon (NASDAQ: AMZN) has been a sensational long-term investment, thanks to the company's apparent disregard for staying in its lane. It went from being an online store for only books to an e-commerce platform for everything. And then it even went beyond e-commerce to develop business operations for shipping logistics, digital advertising, cloud computing, healthcare services, and more.
Another company with an ever-widening business vision is Singapore's Sea Limited (NYSE: SE) . The company has an e-commerce platform and a video game division, and offers financial technology (fintech) services. And it's not content to sit in its core Asian markets. Rather, it aspires to have a growing global operation.
Even though Sea stock is down 85% from its all-time high, I think it's surprisingly a better buy than Amazon stock today. Here's why.
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Love Amazon? This Alternative Stock Might Have Higher Upside.