Daily Talk

Amazon the Juggernaut

July 21, 2017

Jeff Bezos of Amazon (AMZN) has been singing all the way to the bank for years. He is amongst a handful of the richest men who have ever roamed the earth. From a business point of view, I have always been in awe of Bezos. His swashbuckling ways destroyed Wall Street norms and axioms, and he has never been a slave to quarterly earnings. I think Amazon shares have so much more room to the upside that folks will look back to today and wish they had bought in.

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Buy AMZN Because Every Day Is Prime Day

July 17, 2017

Prime Day 2017 was a huge success. The one-day annual event, which began in 2015 as a celebration of Amazon’s (AMZN) 20th anniversary, was the company’s biggest sales day ever. Sales grew 60% year-over-year, surpassing the high bar that was set on Prime Day 2016 as well as those brought in on the latest Black Friday and Cyber Monday. According to Amazon, “tens of millions of Prime members” across 13 countries purchased items across the 30-hour sale, which was up 50% over last year.

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Beware of the Fairytale Unicorn

July 14, 2017

Unicorns are mythical creatures that have piqued the interest of man for centuries. More recently, they have been affixed to private growth companies that reach $1 billion in valuation. Many of these businesses have become household names, which tends to add to the notion of buying them when the equity becomes available to individual investors. I’m the guy who is always talking about owning great American companies, but there is a caveat. You must stay away from companies that are overvalued.

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NKE Looks Better on Amazon Boost to Omni-Channel

July 11, 2017

Nike (NKE) was off to the races last Friday after posting a strong earnings beat that shocked Wall Street. Management also confirmed that the company will begin a new relationship with Amazon (AMZN) that could ultimately be a greater part of their omni-channel sales efforts. Through the new pilot test, Nike will sell certain items directly on AMZN’s site, allowing it to access its consumers directly and work to protect against things like counterfeiting.

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Enjoying the Employment Surprise

July 8, 2017

We kicked off the second half of 2017 with a holiday to celebrate America’s greatness and a jobs report whose headline number knocked the cover off the ball. Prior months have been revised higher as well. In June, 222,000 new jobs were added versus the consensus estimate of 174,000. That’s huge. Sure, the nation can do a lot better, but the Street was bracing for a much lower result.

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Nothing But Garden Variety Consolidation

June 30, 2017

Yesterday was another difficult session for the market as strength in banks and energy couldn’t offset the selling pressure. The S&P 500 and Dow began higher and it looked as if new records would be established across the board. But then it all went south. There are several theories on why the weakness started, and we’ll talk about those in this latest article

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P Still Has Fundamental Obstacles to Face

June 29, 2017

On Tuesday, Pandora (P) announced that co-founder and current CEO Tim Westergren will be stepping down as well as vacating his seat on the board of directors. Westergren helped found the company 17 years ago and had only returned as CEO a little over a year ago. The company made several changes but at the end of March it still had just 4.7 million paying subscribers compared to Spotify’s claims of 50 million.

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The YOLO Effect

June 23, 2017

According to a recent Harvard study of our daily activities – such as our thoughts and feelings – we are the happiest when we live in the moment and the unhappiest when we are working, resting or using a home computer. So that means that activities like reminiscing, thinking ahead and daydreaming make us miserable even if we are thinking about something pleasant. Ladies and gentlemen, we have all entered what the millennials have termed YOLO.

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Infrastructure Week Opportunities: CAT, VMC, MLM

June 17, 2017

Last week was great for the Trump Trade. The White House even touted it as Infrastructure Week. President Trump has become more focused in the last couple of weeks, and it’s paying off big time. Not only is he pursuing pro-growth policies, but he’s also slashing and trashing all those Obama-era regulations. His heartland growth agenda sparked numerous rallies, most notably in infrastructure after he discussed the important of a first-class system that would allow our economy to flourish.

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Buying the Dips

June 16, 2017

The market may look dull and uneventful on the surface – trading is pretty flat today – but yesterday was an exciting session that speaks to the economy and the Trump agenda. All the major indices closed in the red, but that’s not the real story. Instead, it’s the fact that the Dow, S&P 500 and NASDAQ finished higher than their opening trade for the session. That’s a major sign that a bottom is developing. This is the time to take advantage of depressed prices and buy on weakness.

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