Top 5 Best Stocks to Buy in October 2021

1. Amazon (AMZN)

The coronavirus pandemic is a nightmare scenario. More than 184 million people have become ill throughout the world, with 3.98 million individuals losing their lives. There is no way to minimize the severity of this sickness.

Even the heaviest cloud, however, has a silver lining.

The crisis has benefited online shopping firms in particular. Consumers were urged for months to stay at home and only leave their houses in quest of basic needs.

While there were already increasing numbers of people buying online, travel restrictions and temporary lockdowns resulted in a flood of people switching from brick-and-mortar to online shopping. Naturally, Amazon.com, one of the world’s most popular e-commerce companies, appeared to stand to gain a lot from this trend — and it has.

The company’s stock price has risen from about $2,545 per share to more than $3,500 per share since June 2020. With this type of development, the e-commerce pioneer has not only become one of the world’s largest firms, but also one of the market’s most powerful growth stocks.

As a result of the company’s success, the stock has a rather high value, with a price-to-earnings (P/E) ratio of approximately 66, compared to the industry average of around 55. When…