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Friday, December 15, 2023

Amazon Stock Soared 75% in 2023. Should Investors Avoid It in 2024? - Yahoo Finance

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amazon flex driver delivering package to door step (1)
amazon flex driver delivering package to door step (1)

Fool.com contributor Parkev Tatevosian reviews how Amazon (NASDAQ: AMZN) drove profits in 2023 and answers if he thinks Amazon stock is a buy for long-term investors in 2024.

*Stock prices used were the afternoon prices of Dec. 12, 2023. The video was published on Dec. 14, 2023.

Should you invest $1,000 in Amazon right now?

Before you buy stock in Amazon, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of December 11, 2023

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Amazon Stock Soared 75% in 2023. Should Investors Avoid It in 2024? was originally published by The Motley Fool

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"avoid it" - Google News
December 15, 2023 at 07:00PM
https://ift.tt/Av1bgc6

Amazon Stock Soared 75% in 2023. Should Investors Avoid It in 2024? - Yahoo Finance
"avoid it" - Google News
https://ift.tt/aYThcPS
https://ift.tt/lZkPqsV

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