AMZN has been in this range for a year except for the fake breakout earlier this year. Whether we look at inflation or stagflation, consumer staples are a strong part of growth since their products are needed and people will want the best deal plus the cost of inflation can be passed along to the consumer. The bigger issue is that they are not just a consumer staples company. They have tech with AWS and consumer discretionary aspects as well. I would like to see her move up to the $4K range but it may be hard in this environment due to the fear of the future.
This is not intended as a recommendation to buy or sell. It is for information purposes only.
This is not intended as a recommendation to buy or sell. It is for information purposes only.