1 Magnificent S&P 500 Dividend Stock Down 10% to Buy and Hold Forever

There's no doubt that Amazon (NASDAQ: AMZN) is a magnificent stock. Not only has Amazon improved the lives of countless consumers worldwide, but the stock has also generated life-changing wealth for those who have held shares over the past few decades.No, a 10% decline in Amazon's share price doesn't make for an exciting headline. Still, the stock's price-to-earnings ratio of 32 is a solid entry point for a business that analysts expect to grow earnings by an average of 22% annually over the next three to five years.Investors can look even further out, and should -- Amazon has a bright future ahead.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool