In this episode, Scott Becker discusses Amazon’s recent stock performance, its seven-week losing streak, and its latest venture into the used car business.
Chapter 1: What is the focus of Scott Becker's podcast?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is going to be Amazon, Amazon, Amazon. So here's the deal. If you listen to this podcast regularly, you know that I am largely an investor in index funds. Then I own a handful of individual stocks. One of those individual stocks is Amazon. So as I'm scrolling through business news,
Chapter 2: What recent challenges is Amazon facing?
And I see articles as follows. The article that I saw today was about Amazon. Amazon stock nears its seventh losing week as Wall Street sizes up tech giants' used car plans. So Amazon today is trying to do the new Carvana or something like that. Carvana itself is a smoke and mirrors company, but God bless them. But so here's the deal with Amazon.
Chapter 3: How is Amazon's stock performing in comparison to competitors?
Amazon's now one in two in total revenues in the U.S., you know, side by side with Walmart. It's number four in market cap.
at 2.08 trillion dollars and what's got on top of that is aside from me being an individual investor in it not enough i can assure you to make a difference in their stock at all and not enough no matter how many boxes pile up in our house to have an impact on their ultimate revenues and sales But seven weeks in a row that they're losing money in the market, they're down 10% year to date.
So at the end of the day, it could be a lot worse. The S&P is down 5%. They're down 10%. Over the last 52 weeks, they're up 10%. So still at least holding their own. I felt the Amazon long enough that I've done fine with it. Not great. I wasn't like an early investor that just knocked it out of the park. But I will tell you,
Whenever you're an individual investor in stocks and the headline you see is that your stock is on its seventh losing week in a row, that just sounds horrible. That's a horrible way to end the weekend. In any event, enjoy this episode about Amazon, Amazon, Amazon. Again, talking about getting in the used car business, the market doesn't love it.
But in any event, down 10% year to date, up 10% over the last year. It's just another reminder that investing in individual stocks is advanced gambling at best and ought to stick to index funds. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.
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