Investors weigh alternatives to Amazon stock as growth slows
Amazon's stock has shown resilience, but its growth may slow due to its large market cap of over $2.3 trillion. Investors are considering other consumer stocks that could offer faster growth potential. Celsius, an energy drink company, has faced distribution issues that caused its stock to drop over 70%. Despite this, it reported $1 billion in sales for the first three quarters of 2024, with growth in international markets suggesting future improvement. Alibaba, often called the "Amazon of China," has seen its stock decline nearly 75% since 2020. Despite regulatory fines and a slowing economy, its profits are rising, and its low price-to-earnings ratio may indicate potential for growth if market sentiment improves.