Wal-Mart Stores, Inc. (WMT), Amazon.com, Inc. (AMZN), Google Inc (GOOG): Strikes Abroad Offer Buying Opportunity Back Home for This Company

Recently Amazon.com, Inc. (NASDAQ:AMZN) was awarded a government cloud computing system contract worth $600 million just earlier this year over intelligence leader IBM. As seen in the chart below, IT cloud computing spending increased from $16.2 billion in 2008 to $42.3 billion in 2012. Amazon is positioning itself in a flourishing business segment, not a dying one, but attempting to gain market share in a future predicted to include $131 billion in government cloud computing contracts. Amazon, by diversifying its business into new areas such as the government cloud computing contracts is bringing in new profit opportunities for investors.

No need to sell

Amazon.com, Inc. (NASDAQ:AMZN) has conquered the online industry, and with or without Germany will continue to do so. The smart money is on Amazon quickly moving past these disputes and continuing to focus on growth and development. Investors should merely look at any pullbacks in Amazon’s share price, as the perfect opportunity to buy. Any tax increases in Europe, or strikes in Germany will only provide more publicity for the internet giant as Amazon sees opportunity rather than distress.

This article was written by Ian Finney and edited by Chris Marasco. Chris Marasco is Head Editor of ADifferentAngle. Neither has a position in any stocks mentioned. The Motley Fool recommends Amazon.com and Google. The Motley Fool owns shares of Amazon.com and Google.

The article Strikes Abroad Offer Buying Opportunity Back Home for This Company originally appeared on Fool.com.

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