Stocks to Buy After a Crash: Amazon (AMZN)
Jokes aside, the zombie apocalypse can occur and I believe you’ll still be able to get anything you want from Amazon — and get it 15%-35% cheaper than anywhere else. Seriously, I never go to stores anymore. Ever. There’s no reason to.
Amazon’s earnings will always be erratic and expectations will always be all over the place (as we saw last night), but the company is a star, as is AMZN stock. Amazon stock actually suffered a pretty substantial blow today, so it’s certainly priced better now than it was yesterday. However, it’s still difficult to say what fair value is, so that’s when I look at the technicals.
The 200-day moving average is at about $320, and that’s where I would buy.
As of this writing, Lawrence Meyers was long AMZN. He is president of PDL Broker, Inc., which brokers financing, strategic investments and distressed asset purchases between private equity firms and businesses. He also has written two books and blogs about public policy, journalistic integrity, popular culture, and world affairs. Contact him at email@example.com and follow his tweets @ichabodscranium.