37 Billion New Reasons to Like Amazon Stock
Investors received plenty of good news in Amazon's (NASDAQ: AMZN) recent earnings update. The tech giant revealed strong Q4 growth in both its e-commerce segment and in the services division that's quickly becoming the dominant part of its business. Wall Street reacted by pushing the stock up over 10% so far in 2024 following Amazon's market-thumping rally last year.
Amazon's growth is accelerating across the board even as expenses are dropping. Those are excellent reasons to consider buying the stock right now. Yet there's even better news regarding Amazon's cash flow.
Let's dive right in.
Source Fool.com
