Amazon Stock Forecast For 2019: Two Emerging Important Tailwinds for Amazon
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- Amazon’s stock has significantly dropped since December 3. It is now more affordable to own.
- Amazon is a must-have investment for your 2019 portfolio. Aside from its growing presence in India, Amazon can now cater to online shoppers in more countries.
- Investors can turn more optimistic on Amazon when the company starts showing better international net sales.
- Non-U.S. citizens/residents can now shop on Amazon.com and pay using local currencies at Western Union remittance/money transfer partner outlets.
- Amazon also has another obvious tailwind from its decision to sell its own brand of toys. The global toy industry’s revenue last year was $83 billion.