The World’s Greatest Retail Company Just Hit Our “Strong Buy” List

At Money Morning, we’re only interested in giving our readers the top stocks to buy.

We’re talking about stocks that can provide life-changing wealth, a happy retirement, and rock-solid returns with little to no hassle.

That’s why our team created one of the world’s most revolutionary algorithms. This system tells you exactly when to buy, sell, or hold a stock.

It’s called the Money Morning Stock VQScore™ system, and its track record has beaten some of Wall Street’s top stock pickers time and time again. VQScore tracks 1,500 of the world’s most profitable stocks and quantifies fundamental and technical metrics into one simple number.

It assigns each stock a score from 1 to 4.9. The higher the VQScore, the more likely the stock is on the verge of breaking out.

We’re talking about double- or even triple-digit gains by the end of the year.

Of course, the VQScore discovers a lot of companies that aren’t household names that deliver massive gains. Stocks like Dover Downs Entertainment Inc. (NYSE: DDE) in 2017 and Canadian Solar Inc. (NASDAQ: CSIQ) in 2018 produced triple-digit winners for our readers.

Today, however, we have a surprise.

One of the world’s best retail and technology giants just moved into the “Strong Buy Zone” with a score higher than 4. The stock is not only a bargain right now – it’s on the verge of ripping higher in the months ahead.

Here’s what you need to know…

It’s Time to Buy This Retail Tech Giant on the Dip

If you’ve ever taken the time to read “The Money Map Method” (you can download a free copy right here), you’d know that we’re big advocates of having cash on hand in any market.

That’s because when a great company’s stock price pulls back, we want to snap it up at attractive levels.

Amazon.com Inc. (NASDAQ: AMZN) is one of those companies. Since July, the stock has pulled back from a record of roughly $2,050 per share.

It is currently trading at a more than 10% discount to those levels as concerns about a trade war and the U.S. economy weigh on the broader S&P 500.

This is a stock that could easily hit $2,400 by the end of the second quarter in 2020. When it comes to U.S. e-commerce, it’s the most dominant force in economic history.

And now it’s poised to dominate the global e-commerce markets…

Amazon: a Global Economic Force

Recently, markets greatly overreacted after Amazon reported earnings for its June-ending quarter. The firm reported earnings per share of $5.22. Wall Street had expected $5.56.

When it comes to Wall Street, everyone wants immediate results. A lot of analysts don’t play the long-term game or consider the real reasons why earnings slipped. The firm reported earnings of $63.4 billion – which easily beat forecasts. To put that into perspective, the firm generated more revenue in a quarter than the annual GDP of Panama.

The company put a lot of money into its U.S. logistics businesses to improve its one-day Prime shipping. It also placed a lot of resources into booming areas like grocery delivery and digital entertainment.

But it also launched and expanded e-commerce operations in key growth markets like Brazil, Mexico, Australia, Turkey, and India. Within five years, these five nations could bolster Amazon’s revenue from $6 billion in 2018 to as much as $27 billion.

Put simply, investors haven’t priced in the potential upside of the company’s international revenue streams. A few people on Wall Street have raised their price forecasts for the stock, but the short-term pullback is tied to more conditions outside Amazon’s control.

Amazon’s 2020 Price Target

With a VQScore of 4.1, Amazon produces a combination of value and steep upside potential. Shares closed the day Wednesday at $1,763 per share. With a price target of $2,400 by the end of 2020, investors are looking at a possible 36% gain.

But this isn’t just a stock to buy and sell on a whim. It should be a cornerstone of your portfolio as it continues to grow. There’s a solid case for AMZN stock to hit $3,000 by 2021, which represents about 63% upside from today’s current price.

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Source: Money Morning