Buying the Dip on Amazon Amid Undervaluation

6 days ago

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"Now the second one which is a funny pick which is a competitor to Melly is Amazon and this is the ones that I own and it's been a disappointment. It's down 3% on the year. Every single stock is up even I believe Coke is up. Pepsi is up I think and and Amazon Amazon's down 3%. So, it's been a little bit of a disappointment, but this is some the times where you have to look at what Mr. Market is doing and you have to look at what the company's doing. And as the company is getting better, but the stock's going down and it's looking undervalued, then to me, this is an opportunity to be buying the dip."

The speaker discusses Amazon as a trade opportunity despite recent disappointing performance, with the stock down 3% while peers are up. Highlighting that the stock appears undervalued relative to its improving fundamentals, the speaker indicates that he has been buying the dip at around $175, viewing this as an opportunity to average down on a solid, multifaceted company.

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