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Speaker 1: Earners.

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Speaker 2: What's up. You ever walk into a small business and

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Speaker 2: everything just works like The checkout is fast, the receipts

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Speaker 2: are digital, tipping is a breeze, and you're out the

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Speaker 2: door before the line even builds. Odds are they're using Square.

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Speaker 2: We love supporting businesses that run on Square because it

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Speaker 2: our merch partners, Square makes it easy for them to

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Speaker 2: take payments, manage inventory, and run their business with confidence,

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Speaker 2: all from one simple system. If you're a business owner

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Speaker 2: or even just thinking about launching something soon, Square is

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Speaker 2: hands down one of the best tools out there to

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Speaker 2: it's about giving you time back so you can focus

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Speaker 2: on what matters most Ready. To see how Square can

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Speaker 2: back end so you can keep pushing your vision forward.

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Speaker 2: This episode is brought to you by P and C Bank,

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Speaker 2: a lot of people think podcasts about work are boring,

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Speaker 2: and sure, they definitely can be, but understanding of professional's

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Speaker 2: routine shows us how they achieve their success little by little,

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Speaker 2: day after day. It's like banking with P and C Bank.

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Speaker 2: It might seem boring to save, plan and make calculated

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Speaker 2: decisions with your bank, but keeping your money boring is

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Speaker 2: what helps you live or more happily fulfilled life. P

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Speaker 2: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 2: Boring since eighteen sixty five is a service mark of

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Speaker 2: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 2: National Association Member FDIC.

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Speaker 3: Let's talk about Amazon. Yeah, why is Amazon consistently making

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Speaker 3: big move but the stock doesn't reflect it? Like, the

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Speaker 3: stock is never really going skyrocketed. It's not going up.

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Speaker 3: It's not keeping track with Apple or Microsoft? Like why

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Speaker 3: has Amazon underperformed relative to the other big tech companies?

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Speaker 4: Well, my question would be have they underperformed or are

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Speaker 4: they just in the range where they should be for

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Speaker 4: a normal stock that is a Fortune five company that

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Speaker 4: is not overinflated. I think we all can agree. As

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Speaker 4: great as Nvideo is to go up eleven x in

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Speaker 4: four years. It's a feat that many companies won't do again.

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Speaker 4: So I think it's performed incredibly well. Like especially from

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Speaker 4: where it was. It's one of the top picks, top

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Speaker 4: retirement pits in stock Club. I think that people want

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Speaker 4: extraordinary gains, but then when we have extraordinary drawdown, they

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Speaker 4: don't want that part of it. Amazon's Tim duncan give

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Speaker 4: me twenty two and twelve and four blocks in the

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Speaker 4: finals and may not. I'd be the spectacular fifty point

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Speaker 4: nine that maybe a Carmelo can put up. But I

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Speaker 4: like when a company can consistently print games or and

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Speaker 4: then have little draw down. I think we all can

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Speaker 4: be very clear. In the retail space, they run the

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Speaker 4: retail space, getting more exposure in India, which is the market.

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Speaker 4: I think that it's going to be most important in

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Speaker 4: the next two decades. I think they've done incredibly well.

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Speaker 4: Great question, but sometimes a safe stock doesn't look exciting

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Speaker 4: when other things are going parabolic. But when those stocks

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Speaker 4: or meme coins go parabolic, do they last for long?

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Speaker 2: Amazon is my favorite company, and I think for all

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Speaker 2: the points you said, and then I'll add a few

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Speaker 2: additional ones. Unlike in the video, when you hear something

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Speaker 2: about black Bell. You can see momentum move in a

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Speaker 2: positive direction. When Amazon makes it an announcement, it necessarily

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Speaker 2: doesn't move with the announcement. The announcement sometimes and the

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Speaker 2: gains are probably baked in and so you'll see slow movement.

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Speaker 2: But if you look at it over this past five years,

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Speaker 2: it's going up eighty seven percent, so that's nearly one

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Speaker 2: hundred percent returned since the pandemic. This year it's up

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Speaker 2: twenty percent. So these are like, really there's a whole

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Speaker 2: run in the year.

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Speaker 4: It's CAUs to twelve percent twenty years over delivery for a.

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Speaker 2: Company with the market and the size that it has,

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Speaker 2: I mean, it's ridiculous, had I mean, the premium valuation

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Speaker 2: is one of those reasons. It's a ready valued high, right,

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Speaker 2: so when you have a premium stock, most people look

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Speaker 2: at like how much higher can it go? How much

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Speaker 2: higher can it go? And so that plays a part

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Speaker 2: in it. And then what we saw from their their

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Speaker 2: earner support last two weeks ago when we talked about

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Speaker 2: the heavy reinvestment, and so they've invested in infrastructure. That's

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Speaker 2: the reason why you now can have your products in

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Speaker 2: the same day. They have invested in AI and we

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Speaker 2: talked about that when cappex was increased by forty three percent.

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Speaker 2: So they're innovating. They're still making money, right, and you're

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Speaker 2: gonna love this because you love talking about gross profit margin.

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Speaker 2: Here's the last four quarters their gross profit margin and

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Speaker 2: June of twenty three sixteen percent, in September of twenty three, seventeen,

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Speaker 2: zero point one five percent in December of twenty three,

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Speaker 2: seventeen seventeen and a quarter percent March of this year,

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Speaker 2: nineteen and a half percent. In June of this year,

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Speaker 2: they just reported another nineteen in a quarter. And so

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Speaker 2: you're seeing they're making more money. They've figured out ways

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Speaker 2: to make more profit from the products and services that

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Speaker 2: they had as they've added more businesses. We've already talked

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Speaker 2: about their moat in the e commerce space and how

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Speaker 2: they enter spaces not just to say we want to

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Speaker 2: be a part of it, but to completely dominate and

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Speaker 2: take over them. Yeah.

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Speaker 1: I love Amazon, the greater CEOs all time.

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Speaker 2: I was going to that was the last point I

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Speaker 2: was going to make. We can't discount the fact that

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Speaker 2: they're seed, They've changed CEOs, and they've had a stock

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Speaker 2: split within the past four or five years, So sometimes

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Speaker 2: that takes change, right, Like who is actually going to

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Speaker 2: be as a CEO? Who is he going to be

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Speaker 2: as a leader of the company. I'd say he's done

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Speaker 2: pretty well. I love Amazon, not even just for the

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Speaker 2: short term, but for a long term perspective. It is

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Speaker 2: something that I mean, it's going to stay in my

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Speaker 2: portfolio and now I don't see why it wouldn't be

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Speaker 2: anybody else's.

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Speaker 1: Yeah, for sure, say your case, twenty is an amazing

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Speaker 1: return for a company that size, that has the entire

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Speaker 1: world on their back and trying to copy in either

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Speaker 1: way at their games.

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Speaker 4: Like if I would have told you eight years ago

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Speaker 4: Amazon would be outpacing Walmart is a safety stock, you

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Speaker 4: to said that was crazy. They've performed incredibly well enjoy

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Speaker 4: stable games.

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Speaker 2: We got to appreciate that. I'm looking at now. Apple

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Speaker 2: is up via the date is up seventeen percent. So

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Speaker 2: it's actually and we I mean everybody we talk about too, but.

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Speaker 4: Less turbulous and more in Apple. This IFHO sixteen, I

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Speaker 4: better be able to cause Kai Sanat on a damned

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Speaker 4: space ship. Don't re rock the same fifteen pro and

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Speaker 4: tell me you put three more megapixels in it. I'm

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Speaker 4: gonna go in here and go off.

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Speaker 1: Please innovate more megapixels more.

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Speaker 3: Hey k an.

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Speaker 5: Illegal alien from Guatemala charged with raping a child in Massachusetts.

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Speaker 5: An MS thirteen gang member from Al Salvador accused of

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Speaker 5: murdering a Texas man of Venezuelan charged with filming and

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Speaker 5: selling child pornography in Michigan. These are just some of

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Speaker 5: the heinous migrant criminals caught because of President Donald J.

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Speaker 5: Trump's leadership. I'm Christy Noman, the United States Secretary of

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Speaker 5: Homeland Security. Under President Trump, attempted illegal border crossings are

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Speaker 5: at the lowest levels ever recorded, and over one hundred

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Speaker 5: thousand illegal aliens have been arrested. If you were here illegally,

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Speaker 5: your next you will be fine nearly one thousand dollars

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Speaker 5: a day, imprisoned, and to poor. You will never return.

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Speaker 5: But if you register using our CBP home app and

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Speaker 5: leave now, you could be allowed to return legally. Do

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Speaker 5: what's right. Leave now. Under President Trump, America's laws, border

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Speaker 5: and families will be protected.

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Speaker 4: Sponsored by the United States Department of Homeland Security,