Best Growth Stocks for Retirement: Amazon (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) isn’t cheap. The stock trades for 181 times earnings, for crying out loud. But over the past decade, its revenues have growth by more than a factor of 10.
AMZN is one of the greatest growth stories in the history of American capitalism, and it’s not finished yet. Not even close.
Amazon is the most important force in retail today. While its revenues are still a fraction of those of Wal-Mart Stores Inc (NYSE:WMT), Amazon has upended the entire retail industry, and virtually every retailer out there is scrambling to keep up.
That’s not Amazon’s only vehicle for growth. Its AWS is taking a wrecking ball to International Business Machines Corp.’s (NYSE:IBM) traditional software and services business. Amazon is also a leader in implementing aerial drones for delivery, and its distribution centers are a wonder of automation technology. And frankly, who knows what other ideas CEO Jeff Bezos has in that brilliant mind of his.
At some point, Amazon’s growth will markedly slow down. It happens to every company eventually. But there is a lot of money to be made between now and then.