Whoo-hoo! I finally heard it from a talking head, and I agree: everyone thinks of Amazon as an e-retail company but in fact it's all about AWS. And the kicker: if somewhere down the road, the US government forces Amazon to break up, it will be very easy to find the fracture lines. Right now, I can think of three major Amazon divisions: retail, logistics, and cloud.
Monday morning yesterday: market opens and at least three discount broker sites were down -- Schwab, Ameritrade, and E*Trade. The first question: where in the cloud does Schwab/Ameritrade/E*Trade reside? If those three were anywhere but in the Amazon cloud, they may want to re-think where they reside.
Speaking of which, fool me once, shame on you; fool me twice, shame on me: to all those "investors" whining about the fact that Schwab was down yesterday morning. It turns out, looking at social media, this is not something new for Schwab. Accurate or not, the social media Schwab meme: Schwab "goes down" often. If you think that, whether it's accurate or not, it might behoove Schwab investors who "depend" on a trading platform to have more than one brokerage account. Suggestion: a Merrill Lynch account; a Schwab account; and, a Robinhood account. As the AT&T voice-over says, "it's not complicated."
How about AAPL today? Up over 5%; added over $6/share; closed at $127.88, still well below its all-time high. One-year-target: $126. Tim Cook owns 847,969 shares of AAPL, representing 0.02% of all outstanding shares of AAPL. Early in 2020, Warren Buffet's investment company owned 245 million shares.
Time for a musical interlude:
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