Buy, sell, or hold going into 2021?

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Following an enormous run-up in Amazon.com Inc‘s (NASDAQ: AMZN) stock price during the first seven months of the year, shares have failed to gain any meaningful momentum since then. The stock is currently at the same level it was on 1 August 2020. Does the stock’s underwhelming performance in recent months give investors a buying opportunity as we head into a year that may benefit from a reaccelerating U.S. economy as vaccines potentially begin suppressing COVID-19?

To answer this question, let’s take a look at Amazon’s business momentum and the growth stock’s valuation.

Soaring sales and improved profits

2020 has…