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Recession-Buster Stocks: Buy Amazon (AMZN:NASDAQ)

Posted August 8, 2008

"Analysts were expecting Amazon to earn $0.26 per share… and the company reported earnings of $0.37. Revenues nearly doubled from the same period last year." — Rick Pendergraft

Blogger’s note: The recession has deflated American spending. Lack of easy credit is keeping U.S. consumers from buying on a whim, and stores are suffering. So why would anyone want to invest in the retail sector? Because Rick Pendergraft of Early to Rise has found one retail company that’s reporting growing sales and record earnings. Read on below to learn why this retail stock could help you beat the recession.

by Rick Pendergraft

Baltimore — (TFN):  The retail sector has been performing very poorly over the last year. The problems in the credit market have had a huge impact on the spending habits of consumers, and retailers have struggled as a result. Declining sales and rising costs. Not exactly the recipe for profitability.

*** Three Recession-Buster Stocks to see you through the next 6 months:  This $5 company has a lock on a key technology in China – and could generate gains of over 1,000%… Insiders are loading up on this battered contrarian energy play that could go up as much as 75% by November… And this tiny biotech holds the secret to crucial early detection of a debilitating disease AND could triple in value by next year. Get our FREE special report… ***

Despite the general downturn in retail business, one online retailer continues to grow. Amazon.com (AMZN:NASDAQ) reported second-quarter results on July 23, and they beat estimates handily.

Analysts were expecting Amazon to earn $0.26 per share… and the company reported earnings of $0.37. Revenues nearly doubled from the same period last year. Read on to learn more.

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Posted by Rick Pendergraft · Filed Under US Stocks and Markets 

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