Is Now the Time to Go All-In on Amazon Stock?

By Neil Rozenbaum – Apr 28, 2023 at 10:15AM

NASDAQ: AMZN

Amazon

Market Cap

$1,922B

Today's Change

(0.58%) $1.07

Current Price

$184.70

Price as of May 17, 2024, 4:00 p.m. ET

Long-term investors should take advantage of weakness in the stock.

In this video, I will be going over Amazon's (AMZN 0.58%) first-quarter earnings results, which showed the underlying strength of the business and the positive effect of the ongoing cost cuts; however, the cloud business is slowing down.

*Stock prices used were from the trading day of April 27, 2023. The video was published on April 27, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon.com. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy.

Neil 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.