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Amazon stock benefited from excellent cost management in 2023, but what will drive profit growth in 2024?
Fool.com contributor Parkev Tatevosian reviews how Amazon (AMZN 2.11%) drove profits in 2023 and answers if he thinks Amazon stock is a buy for long-term investors in 2024.
*Stock prices used were the afternoon prices of Dec. 12, 2023. The video was published on Dec. 14, 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. 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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