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Amazon's Stock Takes the Tariff Tumble. Here's Why I'm Still Holding.
Tariffs crushed Amazon's stock price on Thursday. Here's why you should see this discount as a wide-open buying window for this resilient tech stock.
Trump's tariffs brought the stock market to its knees on Thursday. The introduction of profit-sapping importation fees drove the S&P 500 (SNPINDEX: ^GSPC) to close almost 5% lower.
As a leading seller of imported goods, e-commerce giant Amazon (NASDAQ: AMZN) took a particularly hard hit. The stock closed the day down 9%. Amazon's share price is back where it was a year ago, erasing 2024 gains of more than 30%. Following along with Wall Street's general trend, Amazon's price drop started in February and accelerated as the tariff threat evolved from a threat to a real policy.
But this ain't Amazon's first rodeo, and it won't be the last by a long shot. Here's why I see this price drop as an open invitation to buy more Amazon stock at a discounted price.
