Amazon Stock Is Down 28%. Should You Buy the Dip Before May 1?

On April 2, President Trump announced plans to enact various tariffs on imported goods from practically all of America's trading partners. Amazon (NASDAQ: AMZN) sources products from all over the world for its e-commerce platform, so it's facing the prospect of significantly higher costs for the products sold on its site. Whether it chooses to absorb those costs or pass them on to its customers, the tariffs have real potential to put a serious dent in its margins.Fortunately, Amazon is a diversified technology conglomerate. Not all its segments are directly affected by the trade tensions. Its Amazon Web Services (AWS) cloud platform primarily sells digital services, which aren't subject to traditional tariffs. That's great news because AWS accounts for most of the company's profits.Given the tariff turmoil, Amazon stock is trading down 28% from its recent all-time high. The company is scheduled to release its financial results for the first quarter of 2025 on May 1, which could be a positive catalyst. Should investors buy the dip ahead of the report?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool