Weekly News: May 1

Success from Amazon as the company announces strong Q1 2017 earnings and some sage advice from billionaire George Soros.

Featured Story of the Week: Amazon

Amazon smashed through expected earnings targets for the first quarter of 2017.

The main drivers of success for Amazon for its Q1 2017 success have been the company’s e-commerce business as well as its cloud-computing ventures. The company generated revenue of $35M during the first 3 months of the year and is currently valued at an amazon $439B. One of the most profitable subsidiaries of Amazon.com for the 1st quarter was Amazon Web Services (AWS), a subdivision that offers cloud based solutions like online storage and content delivery to businesses, and is an area that CEO Jeff Bezos will be looking to grow further in the rest of the year.

Amazon’s long-reaching tendrils continue to dominate online retail, stealing market share from competitors. In a somewhat controversial and interesting move, Amazon recently announced that it will be opening a number of brick-and-mortar bookstores throughout the U.S., including one right in the center of Manhattan. This particular store in Manhattan will be in the same shopping center that the defunct bookstore chain Borders once operated in; the Borders chain was arguably forced to go out of business by cheap online booksellers like Amazon! Many Amazon book stores have already opened, including locations like Seattle, Chicago and Boston.

 

Lesson of the Week: George Soros

“The worse a situation becomes, the less it takes to turn it around, and the bigger the upside.”

When it comes to investing in distressed situations, Soros certainly has a lot to say on the topic. Soros’ investing principles rotate on the idea that irrational behaviour often governs a lot of how the markets react and how the economy in general performs. So when the market takes a dip, it’s the perfect time to seek opportunity! Soros’ quote suggests investors would be well served to prepare themselves to take advantage of any market upset: “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected,” says Soros.

 

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