No one likes to see the stock market decline, but there is one positive in such situations: quality stocks are selling. You can get amazing long-term players at very reasonable – and even affordable – values. And if you stick to these stocks, you can see the value of your investment significantly.
Three exciting companies involved in the consumer goods and technology space are offering you this opportunity right now. If you have $1,000 (or even less), buy them smart now, while they’re on sale.
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Amazon (NASDAQ: AMZN ) It is a leader in e-commerce, and its sales of both food and other essentials make it a company that can thrive in any market environment. This Prime program is another plus, as customers are likely to spend as much as they can on Amazon to reduce the cost of membership.
Meanwhile, the company’s cloud unit and major revenue driver, Amazon Web Services (AWS), is benefiting from the artificial intelligence (AI) boom. AWS recently hit a $142 billion annual revenue run rate as customers rush to acquire AI products and services.
So investing in Amazon offers you the security of a well-established company with AI growth potential. And at 27x future earnings estimates, it looks pretty cheap.
Chevy (NYSE: CHWY ) May be your pet’s best friend — that’s because this e-commerce company offers them food, toys and more. It also turned out to be the best friend of pet parents, as we can see by their loyalty to the company: more than 80% of sales are made by Autoship, a service that automatically reorders and ships products to customers. So customers keep coming back to Chewy.
The company has been profitable in recent years and continues to grow. And Chewy is gradually expanding – for example, opening veterinary clinics. It provides an additional source of income.
Today, Chewy is priced right, as it trades at 16x forward earnings estimates.
Appl (NASDAQ: AAPL ) is the smartphone leader, with the iPhone leading the world in smartphone sales last year. This product, along with other popular Apple devices like the iPad and Mac, has helped the company grow its revenue over time. And Apple’s focus on innovation has kept fans loyal — and eagerly awaiting future updates.
