Is Amazon Stock in Trouble, or Is This an Opportunity to Buy?

By Neil Rozenbaum – Jun 22, 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

Amazon remains one of the best stocks to buy.

In this video, I will talk about Amazon (AMZN 0.58%), the FTC lawsuit regarding Amazon's deceptive Prime subscription tactics, how Amazon may surpass Walmart as the largest U.S. retailer, and why this remains my second-largest position despite macro uncertainty.

*Stock prices used were from the trading day of June 21, 2023. The video was published on June 22, 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 and Walmart. 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.