Amazon's Surging Stock Price Follows Rare Signal, But Is It a Buy?
Amazon's stock price surged after the company released its quarterly financial results. This development is reminiscent of a rare signal that flashed for Nvidia in 2009, which also saw significant gains.
The 'Total Conviction' signal has not been seen since 2009, and now it is flashing for a much smaller company. Investors are taking notice and considering the potential returns on Amazon stock.
However, before investing in Amazon, it's worth noting that the Motley Fool Stock Advisor analyst team did not include it among their top 10 recommended stocks. In fact, if you invested $1,000 in Netflix when it was first recommended in December 2004, or Nvidia in April 2005, you could have seen returns of $386,727 and $1,232,139 respectively.
The Motley Fool's total average return is impressive at 906%, significantly outperforming the S&P 500's 208% over the same period. The team is now recommending its top 10 stocks for investors to consider.