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Barchart
Barchart
Mohit Oberoi

Here's Why You Should Ignore the Tariff Noise and Buy the Dip in Amazon Stock

After carrying the market rally on their shoulders for two years, “Magnificent 7” stocks have looked weak this year. Meta Platforms (META) is the only constituent of the coveted group that is in the green, which summarizes how badly out of favor these names have been. Amazon (AMZN) stock is down 9.8% this year and has shed almost 18% from its record highs that it hit in February. In this article, we’ll examine whether it would be smarter to buy the dip in AMZN stock or steer clear. Let’s begin by analyzing why the stock has fallen this year.

Why Has Amazon Stock Dropped?

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