3 Stocks To Buy And Hold For Years - Amazon

1- Amazon

Amazon is popular enough and including it on this list sounds almost like cheating, but stocks of Amazon (NASDAQ: AMZN) is just right for the role.

Amazon dominates around 50 percent of the US e-commerce market.

Consumers and investors are aware of the company's dominance in e-commerce. Online commerce has rapidly grown tremendously over the past decade, and the epidemic has greatly accelerated this trend. Amazon maintains its competitive advantage in the market with its unique logistics network and a huge brand image. It will take years for e-commerce to decline and Amazon to be replaced even if a wider range of competitors join the market.

Amazon's cloud business AWS leads the global cloud service market with quarterly revenue of approximately $13 billion.

Company's cloud revenue is increasing by 30 percent each year. This segment will continue to grow at even stronger rates in the future, predictably for this segment. Amazon is also an important player in the future of the entertainment market. Amazon Prime has doubled its movies, shows, music and live sports streaming services to more than 150 million active users. It's really hard to find another company with this level of dominance across multiple emerging industries.   3 Stocks To Buy And Hold For Years - Amazon Source: https://www.fool.com/ You may also be interested in:

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