The e-commerce behemoth Amazon (NASDAQ:AMZN) has already earned a spot in many investors’ portfolios, and for good reason. The stock has gained nearly 19% since the start of the year, built off the back of a good earnings report and the broad tech rally guiding the market upwards. While Amazon has a number of secular tailwinds guiding its long-term growth, including the continued proliferation of e-commerce and cloud computing technologies, the stock’s share price performance may be running out of steam.
Here are three reasons why Amazon’s stock is a “Hold” for now.
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