Amazon Continues To Offer Attractive Upside For Long-Term Investors
Portfolio Pulse from
Amazon's shares have surged 79.9% since a 'Buy' recommendation in October 2023, significantly outperforming the S&P 500. The North America segment saw an 8.7% revenue increase and a 31.5% rise in operating profits. The international segment turned profitable with a $1.30 billion profit in Q3 2024.
January 01, 2025 | 8:00 am
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Amazon's stock has surged 79.9% since October 2023, driven by strong performance in North America and a profitable international segment.
Amazon's significant stock price increase is attributed to strong revenue and profit growth in its North America segment and a turnaround in its international segment. This performance suggests continued investor confidence and potential for further gains.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100