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Amazon.com, Inc. (AMZN), Clean Harbors Inc (CLH): Two Attractive Stocks for Your Portfolio Today

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Earlier this week I had the good fortune to join Barry Armstrong on his radio show Financial Exchange on WRKO AM 680 in Boston. Every so often we get to talk stocks for a few minutes, and on Tuesday I gave him and his listeners two stock ideas that I think are solid buys today. You can catch our segment by clicking here. And you can read more about them below.

Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN)

This is a polarizing stock thanks to its lofty valuation and a leader who seems to really like spending money. I understand the concern some have that Jeff Bezos has too many things going on and is taking his eye off the proverbial ball. However, I choose to see it differently. In fact, I think that Amazon and Bezos really only have one iron in the fire, and that’s the company’s stated mission: “We seek to be Earth’s most customer-centric company for four primary customer sets: consumers, sellers, enterprises, and content creators.”

Investors are better served taking a bigger-picture approach with Amazon and what it’s doing to shape our world. View it from the perspective of its competitive advantage(s) and its tenacious founder/leader. Bezos has built a company that year in and year out allows him to reinvest the proceeds of the business back into the business. Amazon.com, Inc. (NASDAQ:AMZN) plays to its strengths in e-commerce, fulfillment, and distribution to grow its presence around the globe, and Bezos has no timeline other than the long run.

Ask yourself two basic questions: If Amazon.com, Inc. (NASDAQ:AMZN) closed its doors tomorrow and went out of business, would it matter? and If I gave you $125 billion (Amazon’s current market cap), do you think you could then go out and unseat it from its market-leading position? The respective answers in my book are Yes” and “No.”

One of my favorite Warren Buffett saws is “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” If you’re looking for a stock to buy and hold for the next decade, Amazon.com, Inc. (NASDAQ:AMZN) is one you need to consider.

Clean Harbors Inc (NYSE:CLH)

I love finding companies that fly under the radar, and Clean Harbors Inc (NYSE:CLH) is one. It’s a smaller company with a market cap of just over $3 billion. But with its founder Alan McKim steering the ship as CEO, I think there is plenty of room for this company to grow. Oh yeah, did I also mention McKim owns almost 8% of shares outstanding? I love founder/leaders like McKim (and Bezos) who eat their own cooking.

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