Market Sell-Off: 1 stock split stock to buy at dip and hold forever

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Market downturns are not selective. They don’t just pull the stocks of troubled companies. Instead, they affect most players – even the strongest. And that’s why there’s a positive point about a market sell-off — the opportunity to pick up solid stocks at bargain prices.

The stock I’m thinking about right now is one that has posted huge gains over time. It even hit a record high of more than $3,600 late last year. And just a few weeks ago, the company completed a 20-for-1 stock split.

This stock is also a leader in two key markets — cloud computing and e-commerce. Which company am I talking about? None other than Amazon (AMZN 3.58%). Let’s look at why it’s a stock to buy now and hold forever.

$1 trillion for the first time

First, let’s look at the business we all think of when we hear the word “Amazon” — and that’s e-commerce, a growing market. In the US alone, e-commerce sales are projected to reach $1 trillion…

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