Aug. 5, 2021
It's been a long time is Amazon.com, Inc. (AMZN) fell short of revenue estimates, but it happened last week. As a result, stunned investors pushed the share price down by 7.6% or $120 billion in market value.
If that wasn't enough, Amazon added to the surprising news by predicting slower sales growth for the third quarter of 2021. While this may be somber news for most investors, others could see these events as the beginning of the end of the pandemic era. As people resume normal activities, overall consumer spending patterns begin to diversify.
This rebalancing of the cyclical and consumer cyclical stocks may make some investors nervous about Amazon's investment viability, but we are talking about Amazon. The company's superhero fundamentals and penchant for innovative change keep core investors in place. Additionally, this company has added nearly 500,000 employees over the past year. Additionally, with the influx of new Amazon Prime members, there is no indication that demand will slow down in the foreseeable future.
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