$AMZN (-1,56%) is my "pick of the month".
With this market selloff, Amazon has experiencied a 15% from its hights and I'm using this oportunity to increase my position on it. I belive it is important to have positions on most of the big tech companies that are shaping the world, and between $META (-1,17%)
$GOOG (+0,1%) and $MSFT (-1,69%) , $AMZN (-1,56%) was (and still is) my smallest holding.
They are innovative, they are diversifying into different growing markets, they have a pile of cash and they are still growing strong. Their P/E, Price to cashflow and Price to books is the lowest it has been. Of course the reason for that is that Amazon is an elephant and at this point revenue growth is expected to be at arround a 10% anual, which % is not much but in absolut value is a lot, and it can explain part of the valuation adjustments.
Still, FW earnings and the company profile makes this dip an oportunity in my eyes. If the market contiunes correcting, it could keep going down, but I don't expect it to fall below 180 USD per share and I don't want to wait for the stock to go there.
I've suffered a big hit this last 2 weeks, as the correction on the hype stocks has been massive (40% loss in some of my biggest winners, still up significantlly though). I'm down about 10% from my best moment and a lot of thoughts have been going on trough my mind when I didn't sell clear overvalued stocks when I could, the US growth is under question and it the correction may not be finished. But I still beleive market is the place to be for the long therm, and that my picks are going to outperform on the long run.
