Even before the pandemic, the world was becoming more and more digital. New innovations like cloud computing, artificial intelligence, and 5G communications are opening up new ways to work and interact with customers, and the global COVID-19 pandemic has only accelerated these strong trends.
Yet, given the economy reopening and concerns about higher interest rates some believe will hurt growth stocks, high-growth technology stocks have fallen out of favor in the past few months despite very strong results.
For long-term investors, this may have opened up a great buying opportunity in stocks that are doing great on a fundamental basis. Therefore Amazon.com (NASDAQ: AMZN), CrowdStrike (NASDAQ: CRWD), and Alteryx (NYSE: AYX) Everyone is doing great shopping today.
Amazon: more than just a COVID share
Despite excellent recent gains, Amazon’s stock has stagnated for the past nine years …