Investing money in the stock market every month is an excellent way to grow wealthy over time. The key, of course, is knowing which stocks to buy -- and when.<\/p>\n
To help you in this regard, here's my best stock to buy right now. This elite business offers investors an incredible wealth-building combination of powerful competitive advantages, enormous growth opportunities, and visionary leadership.<\/p>\n
Here's where to invest your money today. Image source: Getty Images.<\/p>\n
Few businesses are as competitively dominant as Amazon.com (NASDAQ:AMZN). The e-commerce colossus commands the lion's share of the online retail market in the U.S. and many other parts of the world. Along with its army of third-party merchants, Amazon provides a wider selection of goods, lower prices, and faster shipping than just about any other retailer. Moreover, its massive global distribution system, best-in-class fulfillment technology, and strong brand recognition form a wide competitive moat around its business that helps to insulate its profits from its rivals.<\/p>\n
Amazon is also the global leader in the massive and fast-growing cloud computing market. Despite fierce competition from the likes of Microsoft, Alphabet's Google, and Alibaba, Amazon Web Services commands a 33% share of the $100 billion cloud infrastructure market, according to Statista. That's more than its three closest competitors combined.<\/p>\n<\/p>\n
Image source: Statista.<\/p>\n
Yet as dominant as Amazon is today, it still has tremendous room for expansion. As an example, e-commerce sales, despite years of torrid growth, still represent only about 12% of total retail sales in the U.S.<\/p>\n<\/p>\n
Image source: Statista.<\/p>\n
Moreover, the global online retail market will grow to more than $6.5 trillion by 2023, up from $3.5 trillion in 2019.<\/p>\n
Meanwhile, the worldwide public cloud services market is set to exceed $350 billion by 2022, up from less than $200 billion in 2018, according to Gartner, with infrastructure services enjoying some of the fastest growth within the industry.<\/p>\n
Combined with enormous opportunities in advertising, healthcare, and logistics, these growth drivers should continue to fuel Amazon's expansion in the years ahead.<\/p>\n
Helming this juggernaut is Jeff Bezos, who's arguably the greatest business leader of our generation. Bezos excels at identifying long-term trends and growth opportunities. He's also relentless in his pursuit of them. He's constantly driving Amazon to enter new markets, develop innovative technologies, and -- most importantly -- find ways to create even more value for its customers. In the process, he helps Amazon's stock ascend to ever greater heights.<\/p>\n
If you buy shares of Amazon today, you can rest easy with the knowledge that you're investing beside Bezos himself; he owns shares worth roughly $160 billion. His massive stock holdings help to align his interests with yours and those of other long-term shareholders.<\/p>\n
For all of these reasons, Amazon's stock is still -- even after its incredible gains -- an outstanding investment today, and it will likely remain a great stock to own for many years to come.<\/p>\n
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Here's My Top Stock to Buy in July - Motley Fool<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Investing money in the stock market every month is an excellent way to grow wealthy over time. The key, of course, is knowing which stocks to buy -- and when. Continue reading