Low-Performing Technology Stock to Buy at Year-End Rally-
Amazon
Low-Performing Technology Stock to Buy at Year-End Rally-Amazon
High-growth stocks renew in 2021, with a lot of good things happening in their favor.
While the world has to move forward on the digital path after 2020, some high-growth stocks faced a strong challenge in 2021.
Some of these tech names are preparing to unleash a rally in the last quarter of the year.
Among these, Amazon (
AMZN (NASDAQ) $3.283,26 0,00 (%0,00), Teladoc Health
TDOC (NYSE) $126,71 0,00 (%0,00) and Splunk
SPLK (NASDAQ) $145,14 +0,43 (+%0,30) stocks stand out.
Let's focus on Amazon.
Amazon seems cheap right now.
The mighty Amazon.com hasn't made much noise this year. The stock has gained about 0.9% and 4.3% in the last 52 weeks.
Around this time, Amazon's business is booming.
These small returns are enough to cause complaints from their investors as the e-commerce and cloud computing giant trades with 57x the trailing earnings and 235x the free cash flow.
Low-Performing Technology Stock to Buy at Year-End Rally-Amazon
Since founder and chairman Jeff Bezos doesn't want the company to remain a sleepy trillion-dollar giant, he aims to run each day as if it's the first day of a brand new start.
This is exactly the answer to the expectations of Amazon shareholders.
Over the past five years, the company has doubled its revenues each year while continuing to increase its top line sales with a compound annual growth rate (CAGR) of 29%.
The rapid rise in Amazon stock like in the last 12 months makes it attractive to buy the stock that continues to grow every time it takes a breath.
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