The Day Amazon Grew More Than All Of FedEx
Submitted by DeDora Capital on November 3rd, 2017
by Will Becker, AWMA/AIF
Happy Friday!
The mornings are cool, the leaves are changing color, (some) rain is in the forecast, Halloween is passed... come on winter!
Investment Perspective
The proposed Tax Overhaul bill is in circulation, and will certainly be modified before it passes. Some current highlights of it are here and here. Jobless claims came in better than expected, hitting a level not seen since 1973. Personal Incomes are up, as well.
FedEx's 400,000 team members ship 13 million packages a day, and by the company's estimate they "connect" 99% of global GDP. So it came as jolt last Friday when Amazon took less than a day to grow by the entire size of FedEx. To put it another way, Amazon grew more in one day than 400 of the individual S&P 500 companies. And it wasn't just Amazon that had a knockout day. Microsoft, Alphabet (Google), Apple, and Facebook all had insanely good days. Hence the "Tech or Treat" cartoon below.
November means Holiday shopping is getting rolling. I mentioned positive Employment & Personal Incomes data above, and the National Retail Federation (charts below) also cites that information as part of their holiday spending estimates: “With employment and incomes increasing, consumers are more confident this year and that is reflected in their buying plans for the holidays.” Unsurprisingly, given the Tech topic above, 59% of Consumers plan to shop online. How much are you planning to spend this Holiday season? The National Retail Federation annual survey estimates that Consumers will spend an average of $967 this year, a 3% increase over last year. Happy shopping!
Disclosure: This commentary on this website reflects the personal opinions, viewpoints and analyses of the DeDora Capital, Inc. employees providing such comments, and should not be regarded as a description of advisory services provided by DeDora Capital, Inc. or performance returns of any DeDora Capital, Inc. Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. DeDora Capital, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
Disclosure: This commentary on this website reflects the personal opinions, viewpoints and analyses of the DeDora Capital, Inc. employees providing such comments, and should not be regarded as a description of advisory services provided by DeDora Capital, Inc. or performance returns of any DeDora Capital, Inc. Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. DeDora Capital, Inc. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.
