3 Champion Tech Stocks That Will Make a Comeback

These stalwart tech stocks have taken a punch, but don’t count them out

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3 Champion Tech Stocks That Will Make a Comeback

Amazon (AMZN)

amazon1 3 Champion Tech Stocks That Will Make a ComebackThe online seller of everything has been one of the greatest corporate success stories ever, and one of the greatest tech stocks in Wall Street history. For so many years, CEO Jeff Bezos’s formula of pouring nearly every dime of revenue back into Amazon (AMZN) at the expense of a strong bottom line (or a dividend to shareholders) was embraced wildly by investors of all stripes.

Recently, however, Amazon saw a decline in Q1 operating income due largely to a substantial 28% increase in shipping costs worldwide. The news was interpreted as a big negative for AMZN stock, and the result was a ramped up decline in the shares, which have plummeted more than 10% since Apr. 24.

In fact, AMZN stock has really taken it on the chin in 2014 — down more than 24%, year-to-date.

Yet for Amazon, Jeff Bezos, and anyone who is a long-term investor, I think AMZN stock here at the $300 level represents a battered bargain that can lead you up the river toward some very big profits in the years to come. How big are the potential gains? Well, consider that over the past five years, AMZN stock has posted a total return of more than 300%. I’d say that kind of gain deserves championship accolades.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/tech-stocks-tsla-nflx-amzn/.

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