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In order to buy stocks , you need the assistance of a stockbroker who is licensed to purchase securities on your behalf. However, before you make a decision on a stockbroker, you need to figure out what type of stockbroker is right for you. The only interaction with an online broker is over the phone or via the Internet. Cost is usually based on a per-transaction or per-share basis, allowing you to open an account with relatively little money. Since these types of brokers provide absolutely no investment advice, stock tips or any type of investment recommendations, you're on your own.

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Since the onset of the coronavirus outbreak, a few companies have emerged as the clear winners of the current stay-at-home economy. One of the clearest examples of this phenomenon is Amazon. There was an abundance of anecdotal evidence that the company had become the platform of choice for those shopping online, including multiple hiring sprees and changes to long-standing policies. Amazon removed any remaining doubt about just how well it was performing when the company reported its first-quarter earnings last week.

Yet some of the news sent investors running for the exits and left others asking the seminal investing question: Should you buy Amazon stock right now? It's important to note that Amazon has been forced to make major changes on the fly, repurposing its fulfillment centers to focus on consumer staples and medical supplies, and hiring as many as , new employees, all while trying to protect its workforce from the COVID pandemic -- all of which comes at a cost.

While the results were impressive considering the circumstances, it was CEO Jeff Bezos' striking candor about the path forward that caught investors off guard:. If you're a shareowner in Amazon, you may want to take a seat, because we're not thinking small.

But these aren't normal circumstances. Bezos went on to lay out the breadth of the company's vision, which includes investments in personal protective equipment for employees, enhanced cleaning of its warehouses and fulfillment centers, and even instituting less-efficient processes that will encourage social distancing.

Amazon is even going so far as to spend hundreds of millions of dollars to develop the company's own COVID testing capabilities. He ended his prepared remarks by saying, "The best investment we can make is in the safety and well-being of our hundreds of thousands of employees.

This is a move investors should applaud, as it ensures a path forward even in the face of future challenges. While Amazon's stock has never been cheap, the run-up that has occurred since the outbreak began has taken it to even loftier levels. As of Monday's market close, the stock trades at more than times forward earnings, though this metric is no doubt impacted by the extraordinary expenditures outlined above.

It's a bit more palatable on a price-to-forward-sales basis, at just over 3. It's important to note that Amazon has frequently confounded estimates, and that factor is unlikely to change.

This all leads to the very legitimate headline question, "Should you buy Amazon. I would argue the answer is an unqualified "Yes.

The company continues to be the undisputed leader in e-commerce, cloud computing, cashierless checkout, and smart-speaker technology, while also holding competitive positions in digital advertising as well as streaming music and video. The evidence is clear that customers are turning to Amazon in greater numbers than ever before, and once shoppers experience the ease and convenience of Amazon's digital shopping platform and the many benefits of Amazon Prime, they'll likely never go back to life without it.

May 7, at PM. Author Bio Daniel W. He served on active duty with the US Army and has a Bachelor's degree in accounting. Follow dannyvena. Image source: Getty Images. Image source: Amazon. Stock Advisor launched in February of Join Stock Advisor. Related Articles. Should You Buy Amazon.

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Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Any strong rally in equity markets, higher market share, better environment for financial product sales, and any marked reduction in costs remain key risks. The valuation of 7.

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We answered something common questions somethings sent us about work, finances and higher education during the coronavirus pandemic. Buy low, sell high.

Should You Buy Amazon.com Stock Right Now?

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Stocks to Buy

Since the onset of the coronavirus outbreak, a few companies have emerged as the clear winners of the current stay-at-home economy. One of the clearest examples of this phenomenon is Amazon. There was an abundance of anecdotal evidence that the company had become the platform of choice for those shopping online, including multiple hiring sprees and changes to long-standing policies. Amazon removed any remaining doubt about just how well it was performing when the company reported its first-quarter earnings last week. Yet some of the news sent investors running for the exits and left others asking the seminal investing question: Should you buy Amazon stock right now? It's important to note that Amazon has been forced to make major changes on the fly, repurposing its fulfillment centers to focus on consumer staples and medical supplies, and hiring as many as , new employees, all while trying to protect its workforce from the COVID pandemic -- all of which comes at a cost. While the results were impressive considering the circumstances, it was CEO Jeff Bezos' striking candor about the path forward that caught investors off guard:. If you're a shareowner in Amazon, you may want to take a seat, because we're not thinking small. But these aren't normal circumstances.

If you are looking to compare online brokers , take a look at some of our other favorites. New money is cash or securities from a non-Chase or non-J.

This copy is for your personal, non-commercial use only. This argument influenced many proponents of passive index funds designed simply to track the market, including Jack Bogle, who founded Vanguard Group. That unpredictability is confined to the short term, Malkiel says. As Malkiel sheltered at home with his wife in Princeton, N.

Best Stocks Under $5

Nifty50 closed higher at See more. Posted by : Aceinvestmentadvisory. Nifty Support and Resistance : and Posted by : mnp Nifty50 closed lower at See More. Do you think the promises made by BJP in its manifesto are deliverable? GAIN Rs. Designed especially for traders looking to tap the profit opportunities of volatile markets.

Today's Top Stock Market Advice

We all know what Elon should be doing with his decision but what should investors be doing with Tesla stock today? Cramer shares his thoughts on why he would buy Tesla stock now and what factors are holding it back from taking off even further. Cramer and his Action Alerts PLUS analysts team had an internal call this weekend where they discussed what stocks are going to work in our new reality and what stocks aren't. Cramer and his team are selling those stocks today and expect today to be the last day they do so. Where does the stock go from here after announcing they will start to open most of its stores in the coming weeks? The opening of stores could be a buy signal here. Cramer believes Starbucks stock is going up and investors should start buying the coffee giant now before it is too late. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now. Real Money.