The Wrap Up: SHOPIFY, AMAZON, & THE CURRENT STATE OF THE MARKET
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 10 August 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
In this Wrap Up we talked about the current recession that we're in and we discussed Amazon and Shopify stocks. #amazon #shopify #stockmarket
Link to episode: https://youtu.be/XuG_TH3eP7s
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Transcript
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| 0:00.0 | You didn't you didn't mention my company of the end because even |
| 0:03.6 | Oh, you know what's my baby to go ahead. Yeah, I mean, so yeah, Microsoft obviously we saw Apple |
| 0:09.6 | Erning glass. We was a big tech earns and then Amazon just came through a question right that they |
| 0:13.9 | saw ASW 19 billion almost 20 billion in revenue advertising went over 8.76 billion. I think they |
| 0:21.6 | officially now passed a Google and YouTube for advertising dollars revenue, which is insane. |
| 0:28.1 | 7% like nobody is even thinking of Amazon and in terms of advertising, but revenue growth was |
| 0:33.6 | over 7% but the important number was the guidance, the future guidance and we always talk about |
| 0:38.6 | where the projection is for the next two of the reporters and they're looking at a 13% growth |
| 0:42.8 | in the third quarter and a 17% growth in the fourth. So we're talking about 125 billion dollar |
| 0:48.0 | quarter for the third and 130 billion dollar quarter for the fourth. Remember when what was |
| 0:54.1 | it maybe 12 months ago when Apple was the first company to have a billion dollar quarter. Their |
| 0:59.6 | projections were saying they're about to have three within the same years. I mean, Amazon that |
| 1:04.4 | are getting plays and we spoke about them in detail last week about the acquisitions. Okay, |
| 1:08.7 | this is this is a monster. This is one of the monsters that you have to you have to be a part of |
| 1:13.9 | I mean Apple obviously Microsoft I'll put Amazon right now. Yeah, and I have Amazon order |
| 1:20.0 | 21056. It's been a one of the primary picks and stock love forever. So when you say I'm like, |
| 1:25.2 | yes, and we're not biased, but if you look, if you have a have to pick from Kmart or even wallmart.com, |
| 1:32.8 | you may not get your package when they say and it's another keynote in business that you guys are |
| 1:38.4 | great on. Whenever you say that you're going to do and deliver it gets done. We like, oh, it's the |
| 1:42.8 | biggest. And then it's like, I'm not the big to attack them like, yo, how y'all like if you look at |
| 1:47.9 | this lineup and I've been up money show has not had a lineup like this. No disrespect to them. |
| 1:53.0 | I love them. But to put on these casts of people and not pay nine million dollars to get them, |
... |
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