The pandemic has hampered many businesses. However, its turned into blessings for some.One of them is online shopping companies. Amamzon was already the leader in this area, now has become more profiable. It is growing in every sector. Its stock continued growing since 2017, jumping 56% during the year, beating by the S&P 500's 21.8% return, and other competitor's stock.
Amazon has built an impressive business that's resistant (sticky model) to the competition. It sets a standard that others have to spend fortune to follow. And by the time they do, the industry leader has already moved on to its next step of innovation . Thus, buying Amazon stock is beneficial for investment.
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