Fool.com contributor Parkev Tatevosian highlights two categories driving Amazon's (AMZN 0.54%) profit margin higher.
*Stock prices used were the afternoon prices of April 12, 2024. The video was published on April 14, 2024.
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2 Catalysts That Could Drive Amazon Stock Even Higher
By Parkev Tatevosian, CFA
–
Apr 16, 2024 at 10:00AM
NASDAQ: AMZN
Amazon
Market Cap
$1,868B
Today's Change
(0.54%) $0.97
Current Price
$180.59
Price as of April 29, 2024, 1:19 p.m. ET
Amazon is expanding profitability by focusing on more lucrative business segments.
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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