Amazon Stock Analysis: Why Amazon (AMZN) is a Strong Momentum Stock
Amazon Stock Analysis: Amazon.com, Inc. (AMZN) has established itself as a dominant player in the e-commerce and cloud computing sectors.
As of now, it is considered a strong momentum stock, attracting the attention of investors looking for growth opportunities. This analysis delves into the factors contributing to Amazon’s momentum, its recent performance, and why it may be a compelling addition to investment portfolios.
Understanding Momentum Stocks
Momentum investing is a strategy that focuses on stocks that have shown a consistent upward trend in price and earnings. Investors in momentum stocks believe that these trends will continue, driven by positive market sentiment and strong fundamentals. Amazon’s recent performance aligns well…
