Many investors are likely reluctant to buy stocks again after the market's dismal performance in 2022. However, ignoring stocks altogether is usually the wrong move when so many high-quality stocks are still on sale. So today, I'll examine three promising stocks -- Amazon (NASDAQ: AMZN) , Costco (NASDAQ: COST) , and Rent the Runway (NASDAQ: RENT) -- and explain why they could be "no-brainer" buys for long-term investors who can tune out the near-term noise.
Amazon became a top growth stock during the coronavirus pandemic for two simple reasons: Consumers purchased more products online as brick-and-mortar stores closed down, and the usage of Amazon Web Services' (AWS) cloud-based services soared as companies dealt with the increased usage of digital media and applications throughout the crisis. That's why its revenue rose 38% in 2020 and 22% in 2021.
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Why Amazon, Costco, and Rent the Runway Are No-Brainer Buys Right Now