From Nasdaq:

The S&P 500 index has reached new highs in 2024, signaling a new bull market, with technology stocks leading this surge. Amazon has seen accelerated growth in online stores and improving profit margins, making it a good investment opportunity. Snowflake, a cloud stock, has also seen a turnaround and raised its revenue guidance, pointing to its good prospects in 2024.

These two tech stocks, Amazon and Snowflake, offer significant opportunity for wealth-building gains to investors. Amazon’s new highs and improved operating profit margin bode well for the company in 2024. Snowflake’s focus on AI services and growing customer base also makes it an attractive choice for investors.

The Motley Fool Stock Advisor analyst team does not include Amazon in its list of the 10 best stocks for investors to buy now. However, the Stock Advisor service has tripled the return of S&P 500 since 2002, demonstrating its successful track record in providing a blueprint for investing success. John Mackey, a former CEO of Whole Foods Market, has no position in any stocks mentioned and The Motley Fool has a disclosure policy in place.



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