Down Nearly 12% in June, This "Magnificent Seven" Stock Is a No-Brainer Buy Right Now
Now could be a good time to consider buying the dip.
Overview
Amazon (NASDAQ: AMZN) has seen much better months than the one it had in June. It finished the month down nearly 12%, reversing a run that saw it reach an all-time high in early May. The only "Magnificent Seven" stock to have a worse month was Microsoft, down 17%.
Despite the slump and underperformance so far this year (through the market close on July 2), Amazon is a no-brainer buy for long-term investors. It may be a rocky ride, but I trust its trajectory.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.