Amazon (NASDAQ:AMZN) just announced the dates for its Prime Days this year. The shopping event is expected to be a success, given the large consumer spending appetite after the COVID-19 restrictions.
Amazon operates in the retail sale of consumer products, both in the United States and internationally. Amazon Prime, its membership program, is one of the most successful loyalty of its kind in the world, with millions of customers ready to pay an annual fee up front just to benefit from the best possible deals from Amazon. Learn how to buy Amazon shares in this article.
Where Can I Buy Amazon (NASDAQ:AMZN) Stock?
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Is Amazon A Good Stock To Buy Ahead of Prime Day?
Amazon is one of the tech sector’s darlings and one of the largest companies in the world. It thrived during the COVID-19 pandemic and was one of the few companies that expanded its businesses when the world economies were in lockdown mode. Amazon is headquartered in Seattle, Washington and employs over 1.3 million people worldwide.
Amazon has constantly beat its forecasts and its winning streak is predicted to continue. The Q2 2021 forecast is that the EPS will grow by 16.61% YoY. Judging by how the company has beaten expectations in the past, and by the solid expansion rate in the last months, Amazon has the potential to deliver outstanding results.
The company’s gross profit margin TTM (Trailing Twelve Months) is 40.48% and it trades at an EBITDA margin TTM of 13.64%.