Best Internet Stocks To Buy Right Now
My four stock pillars of the Internet sector, which I feel will be the top stocks going forward for years to come, include The Priceline Group Inc. (NASDAQ:PCLN), Facebook, Inc. (NASDAQ:FB), Google Inc. (NASDAQ:GOOG), and Amazon.com, Inc. (NASDAQ:AMZN). All four stocks are tops in their respective areas and offer an investment opportunity at this time.
I have talked about Google, Facebook, and Priceline as an investment opportunity in the past, so today I’m going to talk about the investment opportunity that Amazon.com has to offer. This stock has made millionaires out of many investors in the stock market. Think back to May 16, 1997, when Amazon.com closed at $20.75. I kind of wish I had taken the investment opportunity then and put my $40,000 in Amazon.com stock instead of my SUV. That money would now be worth around $600,000, with the stock now trading above $330.00 a share.
Chart courtesy of www.StockCharts.com
But there is always an investment opportunity surfacing in the stock market. You just need to be able to recognize it. This is what makes investing and trading such a dynamic and intriguing process.
As far as Amazon.com, despite the superlative rise in the price, I still feel the stock has plenty of upside potential going forward as an investment opportunity; albeit, as in the case of my other three top Internet stocks, the easy money has already been made.
Now, while Amazon.com looks expensive, trading at 103 times (X) its estimated 2015 earnings per share (EPS) along with a massive price-to-earnings growth (PEG) ratio of 6.71, the company continues to look at ways of growing, which makes it a possible investment opportunity.