Spotify and Amazon stocks present buying opportunities now
fool.com —
Spotify Technology and Amazon stocks have recently seen significant declines, presenting potential buying opportunities for long-term investors. Spotify's stock is down over 20% from its peak, despite strong earnings and profitability in 2024. Spotify reported a 40% increase in gross profit and a 12% rise in monthly users. The company achieved its first full year of profitability, with an operating income of 477 million euros. Amazon's stock has dropped nearly 20%, reaching its lowest price-to-earnings ratio in a decade. The company's e-commerce unit is becoming more appealing, and investments in technology are expected to enhance efficiency and profitability.