In this video, I will be talking about stock splits and more specifically the upcoming Amazon (AMZN 0.41%) split happening on June 3, 2022 and whether it is too late to buy shares.
- Shares of the e-commerce giant haven't performed well this year. The stock is down close to 30% year to date and flat since June 2020.
- But since last week's lows, the stock is up close to 20% in anticipation of the split.
- Amazon Web Services is why I keep adding shares on weakness. In Q1, AWS revenue grew 37% and accelerated from the 32% growth in the same quarter last year.
- Amazon's advertising side grew 23% year over year to $7.87 billion, which means it is bigger than YouTube, and there are no signs of it slowing down.
- While the more mature business segments aren't growing much, investors should be looking at the faster-growing ones such as AWS and advertising.
- Retail will eventually return to normal as we figure out how to navigate the inflationary environment.
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*Stock prices used were the closing prices of June 1, 2022. The video was published on June 2, 2022.
