The Big Takeaway from Amazonâs Shareholder Letter
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- Äas pĆidĂĄn 25. 07. 2024
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Amazon CEO Andy Jassy released his letter to shareholders and it had a big takeaway about Amazonâs future. In this video we go through his letter and talk through what it means for Amazonâs business. Also, I added a new stock to my portfolio this week that we break down in detail, and lastly Jamie Dimon the CEO of JP Morgan Chase also released his shareholder letter with some ominous warnings for the stock market.
00:00 Andy Jassyâs letter to Amazon shareholders
09:12 Amazonâs growth story
10:51 I just added this stock to my portfolio
16:56 Jamie Dimon is prepared for higher rates
Andy Jassyâs letter to shareholders: www.aboutamazon.com/news/comp...
Art of Business - Why Lululemon is Ahead of Its Time: âą Why Lululemon Is Ahead...
Jamie Dimonâs letter to shareholders: www.jpmorganchase.com/content...
*I am not a licensed professional or a financial advisor. This content should not be taken as financial advice. It is meant for educational and entertainment purposes only. All opinions and perspectives are based on my own personal financial situation, experiences, and goals. Please ensure that you do your own due diligence before making financial decisions and/or meet with a professional. Links above include affiliate links, which means I may receive a commission at no additional cost to you.
Friday video! Hopefully will be the norm going forward
Youâre quickly becoming my go-to-guy for investing talk on CZcams. Love your approach to videos, your process with discussing companies, and just the vibe - Keep doing what youâre doing Matt.
Thank you, much appreciated!
Another great video. Thanks Matt!
Thanks!
Happy AMZN shareholder here too đ. I was never a leggings person and didn't own any, until I decided to "try a pair of Lulu just for fun". $128 + tax later, I know why they're worth it đ
My wife was the same, she didnât want to spend on them so I got her a gift card one year for Christmas. Once she tried them she was hooked. I probably needed to invest in LULU for that reason alone lol
Damn, didnât expect this!
Happy Friday Matt! Greetings from Sydney Australia đŠđș
Greetings mate!
Keep up the good work Matt. I am mostly an ETF guy since I have just started my retirement at 55 but I appreciate your level-headedness towards investing. If I were younger I feel I would follow your lead and try to do just enough different to beat you! đđ Since I am in retirement and old enough to be a little smarter, a very little, I don't worry about beating the S&P. All I need to do is get anywhere near 5% return and I will live out my days comfortably. We are currently in the Salento region of Italy. Grabbing an Airbnb one month at a time.
Once you win, step away from the game. đ
Thatâs awesome, great perspective to have and youâre absolutely right. The whole point of this is to live, not to hit some imaginary benchmark!
love this video and great analysis, keep up all the good work
Thanks!
Great video. Really enjoyed the Jassey interview on CNBC. Amazon has always been playing the long game. Drone delivery in under an hour was a wild statement but I believe him.
Seriously, that is crazy
Professor Derron; I have a selfish request; In the Description of each video, could you put links to previous videos you have done on the stock, ETF (or sector) being discussed. I need to do homework on your growth (tech) stocks. You create Great content. Thanks.
Um...maybe I could do that but it might be easier to just do a channel search for whatever ticker or company name. I usually put them in the description or tags and it should come up
Another good video and analysis of the three companies. I like all 3 companies, especially AMZN. We will continue to hear a lot about A.I. All the big companies are incorporating A.I. into their business and the really big ones, like AMZN, are doing a lot of in-house development of their software and hardware (A.I. chips and incorporating A.I. in their operations and data centers). These companies are investing billions, yes, billions, in A.I. and have been investing in A.I. for years. If you have not researched the A.I. movement thoroughly, it will surprise how much they can do with A.I. I just feel a bit sorry for all the people that are being laid off because A.I. has eliminated their jobs...and will continue to do this going forward. That is the nature of technology.
Nice video! i started a position on AMZN myself recently
Nice!
Lulu is a great addition. Tempted to add to my portfolio, but no room left for growth in my retirement. Really enjoy your content.
Thank you, I appreciate it!
I like lulu stock good pick
Thank you!
Hey Matt! Pretty pumped to see LULU in your portfolio. I started adding to it as well since sub 360. I know I have a bias but I think thatâs a phenomenal pick! I hope it keeps tanking to add more!
Yes! I wouldâve added more but I used a good chunk of funds to add to NVDA because I wanted a higher allocation to it. Planning to continue adding to LULU though especially at these levels!
@@mattderronanother company you should consider looking into is ULTA. I think it has been oversold and presents a solid valuation currently with room to grow. Would love to see your take on it.
Funny you say that, because ULTA was one of the alternatives I looked at when considering LULU. I decided to compare them against each other since they hit a similar target market.
LULU had better growth prospects, margins, and no debt. Also ULTA is closer to traditional retail than LULU is (they have their own products, but also sell others) and in general the margins in traditional retail don't interest me that much (I sold LOW, I sold WMT, etc).
So, I went forward digging into LULU and skipped ULTA for now. That's just my view on it obviously. Cool that we're looking at the same stuff though!
Amazon, I get it their business model and the 'new' CEO. All this is attractive but I haven't pull the trigger. It would also mean that portfolio would approach 12 stock/ETF while I wanted it to be 3 (!).
Lululemon, Chip Wilson has had serious health issues for decades but he tried to stay running LULU he has since taken some distance and I think that has injected a different energy in the Co. so very interesting. Unfortunately Lulu does pay a dividend so I will wait to see if the stock dip a bit more.
Inflation. Well there is no doubt in my mind that after the USA election some "adjustments" will be made.
Great, every Friday from now-on right? ;-)
Cheers,
a.
Yikes. 30 year correction. I'd be crying myself to sleep until I retire.
Seriously
2-8% only means that he has no idea what the future holds, same as anyone else. He's saying absolutely nothing here. Stagflation is always possible, yeah. Okay, but that was true yesterday, last week, and 10 years from now. The only thing this tells me is today Jamie Dimon has some unknown motivation to worry easily-influenced people.
lol okay. The important part is that their range of expectation for rates is higher than most people are talking about. Heâs simply saying his view is not as bullish. What you choose to take or not take with that information is up to you.
Not sure if by âeasily influencedâ youâre talking about me, but you sound like youâd be super fun at parties. Take care!
@@mattderron Oops. No, I didn't mean you! LOL. I mean you just bring the info, and we discuss it.
No worries lol
Hello Matt,
Great video. Remind me when I bought AMZN at $90 and sold at $15 many many years ago
I always remember the pick & shovel AND Levi's California Gold Rush business school case study.
Would you kindly perform an analysis on TSM? Even if AMZN / MSFT / GOOG designed their own chips, I don't think they are going to build foundries and even be able to hire enough engineering talents to manufacture the chips. From my research so far, INTC's foundries are inferior so TSM is the only foundry company on earth and they are building 3 plants in Arizona so it would be a USA protected monopoly from National Security perspective.
Thanks - I touched on TSM in the NVDA video, but it's probably worth doing a deep dive on them at some point.
My high level thought when I was researching NVDA was - they are extremely critical to whatever the future is of semiconductors as one of the top (if not the top) foundry. Intel is trying to get there but the consensus seems to be that they are very far away. But TSM comes with geopolitical risk that I just don't personally know enough about in terms of how serious or likely. That was why Buffett sold out of it as well.