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Business

Paul Meeks: Buy Amazon for the long term on the Trump revenge dip

An Amazon.com employee lifts a box from a conveyor at the company's fulfillment center in Tracy, California.
David Paul Morris | Bloomberg | Getty Images
An Amazon.com employee lifts a box from a conveyor at the company's fulfillment center in Tracy, California.

Amazon shares are down 9 percent since Election Day on fears President-elect Donald Trump will enact some sort of revenge on CEO Jeff Bezos, who once offered to shoot the Republican into space.

Although I believe there's still a 5 percent downside risk from here to the stock's 200-day moving average, I know this is a great price for long-term investors.

Here's why: