Money Moves 🤑

Table of Contents

Money Moves

It’s fair to say that Andy Jassy was given the Amazon job at an unfortunate time. Jeff Bezos, the second richest man in the world, stepped down from the position and gave it to Jassy in the summer of 2021, and you can argue that was the peak of the post-pandemic economy. The company is down 25 percent since he took over due to macroeconomic woes that have negatively impacted the business, but Jassy hasn’t sat back and watched. Amazon stock split recently, bringing their share price to the $100 range, and the acquisitions have been very interesting from the company, although we’ll see if it’s successful.

Amazon made two more business moves this week, the first being a partnership with Peloton. There were rumors Amazon would acquire the company this year, but instead they have reached a deal to sell Peloton products on Amazon’s website. The deal can benefit both businesses, with Amazon set to receive increased traffic to their website and possibly include Peloton content into their Prime membership, which would boost sales. Peloton will have more consumers viewing their products, and it seems like a win-win. Additionally, Amazon joined the race to acquire Signify Health in a bidding war with UnitedHealth to add to their healthcare portfolio, a side they are looking to develop and conquer like they have with other sectors. They did change their healthcare space by closing their Amazon Care telehealth service as they recently acquired primary care business One Medical. According to executives, Amazon Care didn’t meet the needs of their consumers and instead became an area that was not worth continuing. Instead, they will reformulate that area with new pieces, and it’s possible Signify is one of them.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
The Crude Oil Bust 🛢

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Metaverse Returns 🤖

Meta, led by CEO Mark Zuckerberg, is intensifying its commitment to innovation in the Metaverse through the introduction of the Quest 3 VR headset.

Higher Rate Households 📈

The recent Fed decision to pause rates has left the federal funds rate at its highest level since 2000.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.