Today we are watching…
1. Amazon (#amzn)
Happy Birthday, Amazon.com! At 25 years of age, Amazon is getting on a bit in tech years. Bezos said it was “all about the long-term” when he started, and now two and a half decades of disruption, innovation, and dominance, has given his company the solid foothold he wanted. A flywheel of returns is keeping expectations high as the company turns the screw on profit, but with antitrust talk intensifying, how long 29% YTD gains can last is the new market dilemma.
2. BMW (#bmw)
Back to space-age concept cars as BMW and Daimler benefit from each other’s slipstream in the automotive tech race. The masses are waiting for an autonomous, connected, electric, and shared car. To deliver it, BMW just signed a long-term development deal with Daimler. The focus will be on self-driving tech, allowing us to turn our “minds off” in the driving seat. Investors have returned to BMW recently as they turn the ignition on this new era.