If I Could Only Buy 1 Growth Stock in July, It Would Be Amazon By a Mile
Yahoo Finance ·
Amazon ( AMZN +0.55% ) stock has bounced off its 52-week low but remains a ways off from its all-time high of $278 a share. The company has had quite a turbulent past couple of years. The e-commerce giant has navigated tariff drama and fluctuating consumer sentiment. Meanwhile, artificial intelligence (AI) is boosting Amazon's cloud business, but those tailwinds have come with soaring capital expenditures. Despite these bumps in the road, e-commerce and AI remain central growth engines for Amazon. Here's why Amazon is probably the best growth stock you can buy in July. Most people who shop on Amazon know about Prime Day, the company's annual flagship summer retail event. Prime Day is important for Amazon's e-commerce business and a litmus test for consumer spending across the economy. According to data from Adobe , U.S. e-commerce spending clocked in at $26.4 billion during the Prime Day event, from June 23 to June 26. That's a 9.3% increase versus a year ago, and puts the Prime Day event on a similar footing with Thanksgiving, Black Friday, and Cyber Monday. Americans spent $32.45 billion online across those holidays in 2025.
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