2024 Could Be the Biggest Year in History for Amazon Stock. Here's Why.
Amazon (NASDAQ: AMZN) has been among the best-performing stocks you could own for a long time. If you'd invested $10,000 in Amazon two decades ago, it would now be worth over $571,000. However, that return used to be higher, as Amazon hasn't set a new all-time high since 2021.
But with how things are shaping up, Amazon could be set to notch a new all-time high in 2024. That could make it the biggest year in history for Amazon, and I think it's a wise idea to buy the stock now in preparation.
Amazon is far more than the e-commerce business that everyone knows. While Amazon used to be primarily a buyer and seller of goods, it's become more of a service-oriented business now, which is good for investors.
Source Fool.com
