First off, please don't take anything I say seriously or as financial advice, as always this is on opinion based basis. That being said, let me get into a few key insights. I personally am not a big fan of Amazon. That being said, I want to be as non-bias as possible. Since the Covid19 period, many internet retail stocks grew. Amazon didn't grow as proportionally compared to stocks like Fiverr, Wayfair
, OverStock, or even Etsy
. However, as a corporation the stock growth still was pretty dramatic. The current price correlation would have been around $1800 with stable growth (if this boom didn't happen), and the stock is nearly $2.4k. That means Jeff Bezos benefited likely an increase in 30%+ of his networth if he mainly held just Amazon stock. That being said, it just comes to show you that even during a pandemic certain sectors and market segmentations grow dramatically. Meaning, yes, it is possible to make quite alot
of money during this mostly bearish
period for the market. You just need to invest in the right segments and the right stocks. Amazon seems trending towards a $2.5k to $2.575k price, but there are currently higher growth stocks right now out there, so I wouldn't say buy. Long term growth overall seems stable.