Why My New Year’s Resolution Is to Buy More Amazon
Amazon (NASDAQ:AMZN) shares are little changed this year, compared to a 20% increase for the S&P 500. So it’s clear the retailer’s stock performance in 2021 hasn’t been the best. Even worse, in the most recent quarter, Amazon reported declines in net income and operating income. And free cash flow dropped to $2.6 billion for the trailing 12 months compared to more than $29 billion in the year-earlier period.
But instead of forgetting all about this retail giant, I would look to buy more Amazon shares. Of course, I’m disappointed the stock didn’t post a strong performance this year. But I know that rough earnings reports today don’t spell catastrophe for Amazon. Instead, they spell investment in the business. Let’s take a closer look at why my New Year’s resolution is to buy more Amazon stock.
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