It is just the beginning of what most economists expect to be multiple rate hikes, not just this year but into 2022, to combat rising inflation. The stock has increased about 7% in the last five days through March 21 in anticipation of the Federal Reserve's first interest rate hike since 2018 - which occurred on March 16. One, the stock is very cheap right now, with a price-to-earnings ratio of about 8 - the lowest it has been in 10 years, other than a dip when the pandemic hit in March 2020. This is a fantastic time to buy stock in this company for a few reasons. We go from the largest online retailer to the largest bank in the U.S., JPMorgan Chase ( JPM -3.33%). There hasn't been this good an opportunity to own shares of Amazon in a long time. While it may take a hit when first-quarter 2022 earnings come out in April, as my colleague Sean Williams points out, this is due to an investment last year in electric vehicle manufacturer Rivian and not its own operating performance, which should be strong for years to come. The share price has posted an average annual return of about 32% over the past 10 years. Its earnings have gone from just over $1 per share 10 years ago to about $64 per share at the end of 2021. If you bumped it up to a $500 investment, you'd have roughly three full shares.Īmazon is the largest online retailer in the world and has been an earnings beast in recent years. But after the stock split in June, you would own one full share of Amazon for that $160. So, right now, you could invest $160 in Amazon, and it would buy you one-twentieth of a share. Fractional shares investing is a service that most brokerages offer where you can buy fractions of shares by the dollar amount. You can invest in one of the world's largest companies with any dollar amount you like through fractional shares investing. But the thing is, you don't have to wait until June 3 to get Amazon at the lower share price.
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