My 3 Favorite Stocks to Buy Right Now
Key Points:
- Amazon is trading at a discount compared to Walmart and Costco despite faster retail sales growth, with North American sales up 11% and operating income rising 28%, driven by robotics and AI initiatives.
- Amazon's digital advertising business grew revenue by 24% last quarter, and its cloud computing unit, AWS, saw a 20% revenue increase, benefiting from AI demand and expanding data center capacity.
- Chewy is undervalued with a forward P/E of 21 and shows resilient growth through its auto-ship model, increasing sales by over 8% quarterly and expanding gross margins with new customers and paid membership programs.
- Chewy is also focusing on higher-margin health and pharmacy products and private-label brands, with significant