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Amazon has done an excellent job controlling costs while revenue growth has slowed.
Fool.com contributor Parkev Tatevosian discusses how he got Amazon (AMZN 0.11%) stock wrong in 2023 and why he's now changing his recommendation.
*Stock prices used were the afternoon prices of Aug. 27, 2023. The video was published on Aug. 29, 2023.
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.com. 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.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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