2024-07-12 07:30:00 ET
Summary
- Amazon is a core holding in my portfolio, but I'd like to further boost my weight in the coming months and years.
- The company topped the analyst consensus for both revenue and diluted EPS for the first quarter.
- Amazon's swelling net cash position earns it an AA credit rating from S&P on a stable outlook.
- Shares of the stock are priced at a 32% discount to my fair value estimate.
- Amazon could realistically post nearly 30% annual total returns through 2026.
As long-time readers know, the crux of my investing strategy revolves around buying and holding dividend growth stocks for the long haul.
For the most part, these tend to sport dividend yields between 0.5% and 4%. The weighted average dividend yield of my portfolio is currently 3.3%. This is an approach I largely don't plan on changing....
Read the full article on Seeking Alpha
For further details see:
Amazon: An Unstoppable Growth Stock To Buy Right Now