If you own the FANG (Facebook, Amazon, Netflix and Google (Alphabet)) directly or indirectly through index or mutual funds you would be happy the companies continue to make money. On February 1st, the companies reported how they did and Josh O’Kane from Bloomberg News noted Amazon sales were up.
Amazon had its strongest holiday quarter sales in 8 years, fueled by the company’s traditional e-commerce and cloud computing. The company is expected to sell over $200 billion in sales in 2018. On these sales the company reported a profit of $2 billion its highest ever.
Linking to dividend paying stocks the FAANG group continues to do well and it is part of the 20% of stocks which are driving up the rise of the Dow Jones Indexes. If you do not own them directly you should or if you believe the market will fall, pick a number which you would venture into buying them at lower prices. The growth of Amazon continues to mean shopping has changed and if Amazon can continue to make money, the word forever is added to shopping.
There are more questions than answers, till the next time – to raising questions.