Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan


Why You Should Consider Buying Amazon Stock

Why You Should Consider Buying Amazon Stock

In a world marked by legal battles and tech giants jockeying for dominance, the question of whether to invest in companies like Amazon and Google looms large. Financial expert Jim Cramer has weighed in on these giants, asserting that both remain attractive investment options despite the ongoing antitrust scrutiny. We’ll delve into the compelling reasons behind Cramer’s confidence and explore whether buying Amazon stock is a wise move in the current market landscape.

The Antitrust Saga: Are Amazon and Google True Monopolies?

Amidst the legal challenges surrounding Amazon and Google, the question of their monopoly status takes centre stage. The Department of Justice filed a lawsuit against Google, alleging anti-competitive practices through agreements with mobile phone and browser manufacturers, most notably a lucrative contract with Apple that established Google as the default search engine on Apple devices. However, Cramer contends that neither Google nor Amazon fits the bill of a true monopoly.

Cramer’s argument hinges on the presence of formidable competitors. In the case of Google, he highlights Microsoft’s search engine, Bing, as a potent rival. Moreover, Apple’s agreement with Google is grounded in consumer preference, as testified by Apple executive Eddy Cue. This demonstrates that the consumer, rather than monopolistic control, dictates the situation.

Similarly, the Federal Trade Commission’s lawsuit against Amazon, accusing it of wielding “monopoly power” to manipulate prices and suppress competition, is met with Cramer’s assertion that consumers favour Amazon for a reason. With tens of millions of Amazon Prime subscribers, the e-commerce giant’s appeal is undeniable. Amazon may have sought to monopolize, but its inability to eliminate competition positions it as more of a market leader than a monopoly.

The Investment Outlook: Why Amazon and Google Stocks Remain Attractive

Despite the legal challenges and allegations, Jim Cramer remains optimistic about the investment prospects of Amazon and Google. This optimism is grounded in the enduring popularity of both companies among consumers.

Google’s search engine, although dominant, faces stiff competition, ensuring a balanced market. Amazon, on the other hand, thrives on its massive user base, driven by the convenience and benefits of Amazon Prime. As a potential investor, it’s crucial to recognize that these companies are far from being on the brink of a true monopoly.

Amazon’s resilience in the face of antitrust scrutiny is evident in its preparedness for the legal battle. The company asserts that if the FTC’s claims were to succeed, it would ultimately harm consumers and small businesses by limiting choices and raising prices.

Why Investing in Amazon and Google Is Still a Smart Choice

In a world of legal complexities and corporate battles, the decision to buy Amazon stock or invest in Google remains a compelling proposition. Jim Cramer’s insights remind us that these tech giants, while powerful, are not true monopolies and their enduring appeal to consumers makes them attractive investments. As the antitrust saga unfolds, astute investors might find opportunities amidst the uncertainty, capitalizing on the continued success of Amazon and Google in the evolving tech landscape. So, is Amazon a good stock to buy? According to Cramer, the answer is a resounding yes.

The post Why You Should Consider Buying Amazon Stock appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Latest News

    Decrying what he saw as the liberal bias of ChatGPT, Elon Musk earlier this year announced plans to create an artificial intelligence chatbot of...

    Latest News

    One of the newest judges on the Fulton County Superior Court bench, Scott McAfee, has been assigned the sprawling racketeering case that charges former...

    Latest News

    LIVE OAK, Fla. — President Biden traveled to Florida on Saturday to survey the damage caused by Hurricane Idalia, part of a storm response...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024