Here’s a dominating Power Buy for savvy investors

Article Excerpt

Amazon.com has now jumped to a new all-time high for our subscribers, including a 42% bounce from the bottom it reached during the recent downturn. Investors now realize, more than ever, that the company’s dominance in e-commerce—through its aggressive retail strategies, massive distribution power and strong Prime program—will continue to build momentum in the wake of the coronavirus. Furthermore, it continues to solidify its dominance in the cloud through its Amazon Web Services unit; its investment in Alexa virtual assistant AI technology further sets it up for a major role in the use of voice interfaces by individual consumers but also e-commerce retailers. AMAZON.COM INC. $2,307.68, is a Power Buy. Through your shares (Nasdaq symbol AMZN; TSINetwork Rating: Average) (www.amazon.com; Shares outstanding: 497.9 million; Market cap: $1.1 trillion; No dividends paid) you hold a stake in one of the world’s largest online retailers. The company continues to gain in the current environment as the coronavirus pandemic forces store closures, boosting e-commerce demand. What’s more, it’s very likely that…