Amazon Just Gave 4 Great Reasons to Buy Its Stock Hand Over Fist

Amazon (NASDAQ: AMZN) is on a roll. Shares of the e-commerce and cloud services giant have soared over 30% in 2024. This solid performance comes on top of an 80% gain last year. The company recently extended its streak of beating Wall Street's earnings expectations with its third-quarter results reported on Thursday. Perhaps the best news for investors, though, came in Amazon's Q3 earnings conference call. The company just gave four great reasons to buy its stock hand over fist.What's the single most important financial metric for a company? I think a strong argument can be made that it's free cash flow. Earnings can sometimes be temporarily manipulated, but what you see is what you get with free cash flow.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool