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Why I’m still buying Amazon stock in 2023 (especially in a recession)
Amazon stock has been absolutely crushed over the past year, but I’m still bullish long-term.
I believe a 2023 recession is inevitable at this point, and that means every stock (Amazon included ) is going to get absolutely pounded (you know, more than they already are).
That means you’ll be able to pick up shares at an even deeper discount.
Should you buy immediately? That really depends on your risk appetite.
I actually think there’s a lot more room to come down potentially, but should it really tank in the recession, it’s an easy, big position add for me.
Here are a few more reasons I’ll be buying in 2023.
Amazon is resilient
Amazon is infrastructure at this point.
We saw that during the COVID pandemic, and while people aren’t using the service as much as they were back then, there’s still nobody who can really compete with it in terms of delivering a variety of products on short timelines.
When you need something random, you’re not driving around to different stores anymore. You’re going on Amazon and getting your product delivered free to your door in a day or two.
