Why does evidence matter? Honest question. The stock market today is about investing in public perception, not reality. In many cases reality drives public perception; in several other ways it does not.
That said, Amazon does not have supply of product issues but it didn't have enough people to meet the demand they saw in orders. It's because of that they told third party sellers they wouldn't be shipping their stuff for a few weeks. That's ended after they hired 100k people... and they just set out to hire 75k more. Their earnings may not jump that much, but that level of hiring suggests revenue has gone through the roof. If all you're interested in are earnings, that's personal choice, but I'll refer to my previous paragraph on my strategy.
Here's some research that suggests Amazon and other online retailers will be the big winners: https://www.nytimes.com/interactive/2020...nding.html
Amazon is in nearly all the sectors that have increased spending. Walmart has a bunch too, so I'd think dumping WMT would be a mistake at this point.
I also recognize I'm highly biased given Amazon is a past and future employer. That said, I did a bunch of research on their pandemic-proofness before accepting the job. I could be wrong, but I think their Q1 call is gonna be big, big revenue.
That said, Amazon does not have supply of product issues but it didn't have enough people to meet the demand they saw in orders. It's because of that they told third party sellers they wouldn't be shipping their stuff for a few weeks. That's ended after they hired 100k people... and they just set out to hire 75k more. Their earnings may not jump that much, but that level of hiring suggests revenue has gone through the roof. If all you're interested in are earnings, that's personal choice, but I'll refer to my previous paragraph on my strategy.
Here's some research that suggests Amazon and other online retailers will be the big winners: https://www.nytimes.com/interactive/2020...nding.html
Amazon is in nearly all the sectors that have increased spending. Walmart has a bunch too, so I'd think dumping WMT would be a mistake at this point.
I also recognize I'm highly biased given Amazon is a past and future employer. That said, I did a bunch of research on their pandemic-proofness before accepting the job. I could be wrong, but I think their Q1 call is gonna be big, big revenue.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth