Why Amazon, Costco, and Rent the Runway Are No-Brainer Buys Right Now

Amazon became a top growth stock during the coronavirus pandemic for two simple reasons: Consumers purchased more products online as brick-and-mortar stores closed down, and the usage of Amazon Web Services' (AWS) cloud-based services soared as companies dealt with the increased usage of digital media and applications throughout the crisis. It might seem odd to recommend buying Amazon when it faces so many headwinds, but it's already tumbled nearly 50% from its all-time high and looks historically cheap at less than 2 times next year's sales. If you believe Amazon will recover from this cyclical slump, continue to lock in more Prime subscribers, and remain the world's top e-commerce and cloud company (as well as one of its fastest-growing advertising platforms), then it's a great time to get greedy with its shares.