Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Can Amazon Stock Beat the Market Next Year?

TheMotleyFool

0 0

Can Amazon Stock Beat the Market Next Year?: https://g.foolcdn.com/editorial/images/758085/asian-shoppers.jpg

The stock market in 2023 can be summed up into three words: the "Magnificent Seven." A moniker for the seven biggest technology-focused companies that are capitalizing on multiple megatrends, the Magnificent Seven companies have been the primary fuel driving the S&P 500 up over 20% this year.

One of these stocks is Amazon (NASDAQ: AMZN), a leader in e-commerce and cloud computing. Shares have rocketed 75% higher this year after the company showed a major profit inflection compared to 2022.

Is Amazon set to beat the market yet again in 2024? Or has this stock run out of juice?

Source Fool.com

Like: 0

AMZN

Share