What's Driving Amazon Stock Price Increases in 2024?

Source The Motley Fool

Amazon (NASDAQ: AMZN) stock is outperforming the indexes in 2024, driven by efficiency improvements companywide.

*Stock prices used were the afternoon prices of Nov. 6, 2024. The video was published on Nov. 8, 2024.

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  • Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $23,446!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,982!*
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $428,758!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

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*Stock Advisor returns as of November 4, 2024

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.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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