Amazon (NASDAQ: AMZN) and Peloton (NASDAQ: PTON) both achieved impressive growth during the pandemic.
Amazon’s ecommerce sales rose as more products were ordered online, and increased online activity drove the continued growth of the cloud infrastructure business. Peloton’s sales of connected exercise bikes and their affiliated subscriptions rose when the gyms closed.
Amazon’s stock is up more than 60% in the past 12 months, but Peloton’s stock is up more than 300%. But can Peloton continue to make bigger profits than Amazon once the pandemic passes and higher bond yields trigger a retreat of more expensive growth stocks?
Amazon should have a softer landing after the pandemic
Amazon’s revenue grew 38% to $ 386.1 billion in fiscal 2020. The company generated 61% of its sales in North America, 27% from international marketplaces and the remaining 12% from Amazon Web Services (AWS), the …