Amazon -- April 17, 2024

Locator: 47024AMAZON.

Market: not a bubble. Market up today despite JPow indicating no rate cuts this year. Buzz: next rate cut -- NET March, 2025. 

A stand-alone because I've mentioned Amazon a lot today and over the years.

Now this today, from Yahoo!Finance headlines:

Link to Bloomberg: 

Apparently Americans understand and like "value."

The increase shows Amazon’s promise of fast delivery on a wide assortment of goods continues to have strong appeal with shoppers grappling with inflation despite greater online competition from Walmart Inc. and China-linked companies such as TikTok Shop, Shein and Temu. [Note: Target not mentioned.]

US consumers pay Amazon $140 a year or $15 per month for Prime subscription, which includes shipping discounts and the ad-supported Prime Video streaming service.

Prime membership growth flattened after the pandemic, and Consumer Intelligence Research Partners last year predicted the online retailer had hit a plateau.

The most recent data, showing 75% of US shoppers have Prime memberships, is a clear indication that Amazon is still gaining new subscribers.

The increase suggests US consumers believe “their Amazon shopping habit justifies the investment in Prime membership,” the Chicago research firm said Tuesday in its report.

Is that accurate: 75% of US shoppers have Prime memberships

I finally -- some days ago -- started a position in AMZN. Remember: I have a rolling 30-year horizon.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple.

See disclaimer. This is not an investment site.

Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

Reminder: I am inappropriately exuberant about the US economy and the US market, I am also inappropriately exuberant about all things Apple. 

Walmart: 90% of Americans live within fifteen minutes / ten miles of a Walmart.

Amazon: 99% of Americans live within a mouse click of Amazon. 

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Reminder: Truist

Combination of Winston-Salem, North Carolina BB&T (Branch Banking and Trust Company) with Atlanta-based Sun Trust Banks.

Truist Financial retains BB&T's stock price history and operates under BB&T's charter. 

Bank of America: headquartered in Charlotte, NC. 

Charlotte: an hour south of Winston-Salem on I-85. 

Duke University: an hour east of Winston-Salem. Chapel Hill northwest of Raleigh.

There really are a lot of great "centers of excellence" in the US.

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SCCO

Recently cuts its quarterly dividend from a dollar to 80 cents.

Currently pays about 2.8%.

Shares bought five years ago, April 26, 2019, at $38.93, are now yielding 8.2%.