I Keep Buying Amazon Stock for This Simple Reason

By Neil Rozenbaum – Jun 18, 2024 at 5:15AM

NASDAQ: AMZN

Amazon

Market Cap

$2,011B

Today's Change

(-2.33%) -$4.60

Current Price

$193.25

Price as of June 28, 2024, 4:00 p.m. ET

Amazon is the second-largest position in my portfolio.

In this video, I will cover the recent updates regarding Amazon (AMZN -2.33%) and why I'll keep buying more shares.

*Stock prices used were from the trading day of June 17, 2024. The video was published on June 17, 2024.

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 and MercadoLibre. The Motley Fool has positions in and recommends Amazon and MercadoLibre. 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.