These two excellent businesses are poised to thrive as consumers shift their spending from goods toward services.
Amazon (NASDAQ: AMZN) and Walt Disney (NYSE: DIS) are two companies that fit into this category. E-commerce is likely the first thing that pops into investors' heads when they hear the word Amazon. The result of this is a price-to-sales multiple of only 2.3 for Amazon, making the stock the cheapest it's been since 2016.
The struggling streaming service might be able to reignite growth in an increasingly competitive industry.