WEBVTT - Cliff Notes: IS AMAZON STILL A GOOD STOCK PICK?

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<v Speaker 1>Thanks for selling your car to Carvana. Here's your check.

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<v Speaker 2>WHOA, When did I get here?

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<v Speaker 3>What do you mean?

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<v Speaker 1>I swear it was just moments ago that I accepted

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<v Speaker 4>I must have time traveled to the future.

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<v Speaker 1>It was just moments ago.

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<v Speaker 4>We do same day pickup. Here's your check for that

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<v Speaker 4>great offer. It is the future, it's it's the present

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<v Speaker 4>and just the convenience of Carvana. Sorry to blow your mind,

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<v Speaker 5>Times may vary and fees may apply.

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<v Speaker 6>Let's talk about Amazon. So Amazon buys one medical for

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<v Speaker 6>three point nine billion.

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<v Speaker 4>We got two story on Amazon.

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<v Speaker 6>Yeah, so let's talk about this first one about them

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<v Speaker 6>buying one medical for a three point nine billion So

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<v Speaker 6>what does that mean? And how has that helped rise

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<v Speaker 6>the stock over the over the net? How will that

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<v Speaker 6>help rise the stock over the next couple of years?

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<v Speaker 6>What does that mean as far as them buying one

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<v Speaker 6>medical for three point nine billion dollars?

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<v Speaker 7>Yeah, I mean Amazon, you got start no truck go ahead. Now,

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<v Speaker 7>I was gonna say, you know, Amazon is still one

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<v Speaker 7>of my favorite companies. But we said this for a

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<v Speaker 7>long time. How do we add this is the same

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<v Speaker 7>thing that we didn't see with Snap when we're are acquisitions,

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<v Speaker 7>and so we knew that the number one e commerce

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<v Speaker 7>business and probably next year about it early next year

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<v Speaker 7>will be Amazon. And what field haven't they really conquered

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<v Speaker 7>and that's healthcare?

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<v Speaker 2>And so how do you do it? You go get

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<v Speaker 2>a healthcare company.

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<v Speaker 7>And so it's interesting because the feedback has been a

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<v Speaker 7>little shaky, right, well, people are looking at that way.

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<v Speaker 7>There has to be something against this, like the privacy here,

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<v Speaker 7>right If one medical a lot of people use that

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<v Speaker 7>to record their blood pressure, there restling their heart rates

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<v Speaker 7>and their lab tests. And now Amazon has access to that,

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<v Speaker 7>and so there's a couple of ways they can use it. Obviously,

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<v Speaker 7>they can ship you your information or your medicine to

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<v Speaker 7>you directly, obviously with Amazon Prime. But what else could

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<v Speaker 7>they do with it? Is it an invasion of privacy?

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<v Speaker 7>And so obviously there's regulations and government regulations that they

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<v Speaker 7>have to.

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<v Speaker 2>Abide by to do it.

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<v Speaker 7>But people are like, I didn't sign up to one

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<v Speaker 7>medical for Amazon to have all this information about me.

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<v Speaker 2>So it's an interesting type of situation.

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<v Speaker 1>Right now, from a stock and investment perspective, I think

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<v Speaker 1>it's a good acquisition. Will medical being a subscription based

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<v Speaker 1>which a lot more companies want Apple to do as well.

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<v Speaker 1>And now we told you guy last year, Amazon, Google,

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<v Speaker 1>and Apple will all go into the healthcare arena very soon.

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<v Speaker 1>This is like the first iteration of it. But in

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<v Speaker 1>addition to that, I know there's going to be pushed

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<v Speaker 1>back initially, but I think it's going to be amazing

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<v Speaker 1>to see customers be able to get their medical or

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<v Speaker 1>the prescriptions from one place. Fitness stuff Chamuth brought up

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<v Speaker 1>how whole foods and the diet can be integrated. And

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<v Speaker 1>from an investment standpoint, if you're looking at a store,

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<v Speaker 1>you can't like Kroger, Walgreens, Walmart.

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<v Speaker 4>We'll talk about that in a second. You can't compete

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<v Speaker 4>with them.

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<v Speaker 1>Now literally every almost everything with exception of a car,

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<v Speaker 1>that you need, you can now get from Amazon. Even

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<v Speaker 1>when we buy equipment, like I love BNH, but if

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<v Speaker 1>I order for Amazon, it's gonna come a hell of

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<v Speaker 1>a lot faster.

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<v Speaker 4>So now I can get medical data a lot faster.

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<v Speaker 1>And if they bring on the right people on terms

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<v Speaker 1>of a board and they need to make a statement

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<v Speaker 1>about those privacy issues.

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<v Speaker 4>But that I think if they get get a good spokesperson,

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<v Speaker 4>they'll be fine.

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<v Speaker 1>The blowback I get people are worried about big tech,

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<v Speaker 1>but the truth is we have no privacy now anyway

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<v Speaker 1>to whatever data you're trying to hide. I know some

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<v Speaker 1>dudes in Brooklyn who can get all your information for

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<v Speaker 1>two thousand bucks right now, listen, easily easily, right, listens.

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<v Speaker 4>A pastor should not have four hundred thousand dollars with your.

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<v Speaker 2>Wow wows. I need an investigation on the man and

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<v Speaker 2>the chip. I'm just keeping it.

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<v Speaker 4>He didn't budge and didn't think about it.

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<v Speaker 2>You didn't even I thought, I'm not yo.

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<v Speaker 6>He prayed, He did not think about it, didn't.

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<v Speaker 4>Move bro and beat the walls next to you.

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<v Speaker 6>Didn't think about it?

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<v Speaker 2>No man, what song was he on? That's why I

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<v Speaker 2>really wouldn't.

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<v Speaker 7>Oh, no, yo, Now you know what's interesting. We gotta stop,

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<v Speaker 7>We gotta, we gotta stop.

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<v Speaker 4>Tomorrow. I look about I.

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<v Speaker 7>Looked into one Medical right, and I had no idea. Right,

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<v Speaker 7>obviously they purchased a company, but I looked into it.

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<v Speaker 7>Do you know what the subscription model is for them?

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<v Speaker 2>Not much?

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<v Speaker 1>It costs.

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<v Speaker 4>How much was it three grade?

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<v Speaker 2>It's one nine a month? What one ninety nine a month?

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<v Speaker 7>So they track your blood rate, your resting heart rate,

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<v Speaker 7>they check your labs results, and they renew your prescriptions.

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<v Speaker 7>And so now I think you have all the information. Obviously,

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<v Speaker 7>that's how you can get your your medication a lot quicker.

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<v Speaker 7>But at one ninety nine a month, if you think

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<v Speaker 7>about that, like Amazon Prime is what one.

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<v Speaker 2>Was it one something a year?

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<v Speaker 7>Like one, you add one ninety nine a month, Let's

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<v Speaker 7>say you got a million customers. That's I mean, you're

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<v Speaker 7>talking about adding revenue models.

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<v Speaker 2>Not a bad acquisition.

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<v Speaker 7>But already subscription Yeah, I'm sorry, not not almost a year,

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<v Speaker 7>ninety nine a year, I'm sorry.

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<v Speaker 6>But then Amazon has already entered the space bar purchasing

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<v Speaker 6>pill pack yep, an investor. And so when you start

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<v Speaker 6>to see healthcare is the biggest industry in America. So

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<v Speaker 6>if you look at the American budget, when we were

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<v Speaker 6>teaching in the classroom, we had a lesson plan where

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<v Speaker 6>we showed the kids the national budget and healthcare. I

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<v Speaker 6>think it was like twenty eight percent something like that.

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<v Speaker 6>It was the largest I believe it was the largest amount.

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<v Speaker 6>Second with the military, I think. So, you know, there's

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<v Speaker 6>nothing bigger than healthcare and it's only going to continue

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<v Speaker 6>to be bigger and bigger. So that's why when you

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<v Speaker 6>see like Apple Health and Amazon acquiring pill Pack, now

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<v Speaker 6>they acquiring other So it's like in order to grow

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<v Speaker 6>and you have to be in the healthcare industry. So

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<v Speaker 6>you're going to see probably more of these companies. Google,

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<v Speaker 6>all of the top companies are going to diversify their

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<v Speaker 6>portfolio and get more into healthcare because it's it's literally

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<v Speaker 6>the biggest industry in America. Okay, so it only makes sense.

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<v Speaker 1>And the veteran the healthcare industry is right for disruption

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<v Speaker 1>changes very slowly. So yeah, Google probably jumping jumping the

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<v Speaker 1>lake mid next year. And also too, like if you're

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<v Speaker 1>going through a recession, if you're in that industry, people

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<v Speaker 1>are going to need healthcare services regardless. I mean, look

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<v Speaker 1>how much money healthcare is made from COVID. Yeah, that's

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<v Speaker 1>just one use stage. And I know people worried about

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<v Speaker 1>big tech and big brother. We gave up all rights

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<v Speaker 1>for privacy many let's go. So but I'm sure they'll

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<v Speaker 1>put out a statement about that about how they'll protect

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<v Speaker 1>users rights and not violating hip laws and stuff like that.

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<v Speaker 4>Even though some of y'all who work in the hospital

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<v Speaker 4>be violating hip laws.

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<v Speaker 7>But the Health Insurance Portability and Accountability at HIAA it

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<v Speaker 7>limits how company can use protective health information. So that

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<v Speaker 7>includes personal identifiable information as well as medical history, lab

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<v Speaker 7>tests as well as other health data. So there are

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<v Speaker 7>government protections and regulations that are in place. I'm sure

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<v Speaker 7>Arizona bye bye, and they'll make a killing inside the

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<v Speaker 7>healthcare space.

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<v Speaker 6>Speaking of Amazon, so this doc slipped a little bit.

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<v Speaker 7>This episode is brought to you by P and C Bank.

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<v Speaker 5>Coach the energy out there felt different. What changed for

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<v Speaker 5>the team today?

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<v Speaker 1>It was the new game day scratches from the California

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<v Speaker 1>Lottery players.

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<v Speaker 4>Everything. Those games sent the team's energy through the roof.

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<v Speaker 5>Are you saying it was the off field play that

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<v Speaker 5>made the difference on the field.

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<v Speaker 4>Hey, little play makes your day, and today it made

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<v Speaker 4>the game. That's all for now, coach, one more question.

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<v Speaker 5>Play the new Los Angeles Chargers, San Francisco forty nine

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<v Speaker 5>ers and Los Angeles Rams scratchers from the California Lottery.

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<v Speaker 5>A little play can make your day. Peace made responsibily.

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<v Speaker 5>Must be eighteen years or older to purchase late or claim.

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<v Speaker 2>And after that was in.

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<v Speaker 6>Walmart is getting blamed for it because Walmart's profits are

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<v Speaker 6>lower because of inflation concern So how is Walmart issues

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<v Speaker 6>with inflation? How is that affecting Amazon?

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<v Speaker 7>We're talking in e commerce, right, So if you're talking

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<v Speaker 7>about inflation, you're talking about people not paying. We're talking

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<v Speaker 7>about food prices going up. We're talking about the amount

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<v Speaker 7>of fuel prices going up. And it takes fuel to

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<v Speaker 7>get to these places to spend the money. And we've

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<v Speaker 7>seen that right, and we're seeing people especially like discretionary

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<v Speaker 7>things those things are not being bolt at the same break,

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<v Speaker 7>so people are buying necessities.

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<v Speaker 2>And so when you see a Walmart go down because they.

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<v Speaker 7>Change their forecast for their yearly outlook, then it's going

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<v Speaker 7>to affect the retail space. Right, they're still the largest. Right,

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<v Speaker 7>Amazon will pass it next year, but they're still the largest.

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<v Speaker 7>And so if the largest e commerce business takes a hit,

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<v Speaker 7>then you're going to see a costco, You're going to

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<v Speaker 7>see a target, You're going to see Amazon, and you're

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<v Speaker 7>going to see others fall.

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<v Speaker 2>Two.

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<v Speaker 7>One of the things that they've done trying to combat

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<v Speaker 7>inflation is, look, we got.

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<v Speaker 2>To put discounts on prices.

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<v Speaker 7>But if you put discounts on prices and those things

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<v Speaker 7>don't sell, then there's going to be a loss. And

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<v Speaker 7>so they've seen that and obviously that guidance is going down.

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<v Speaker 2>And so we'll see.

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<v Speaker 7>We'll see how Amazon will report on Thursday, so we'll

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<v Speaker 7>see how much it's going to affect their stock obviously

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<v Speaker 7>affected after hours, but we'll see what their what their

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<v Speaker 7>earners looks like.

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<v Speaker 1>Yeah, I would argue they're in two different businesses, serve

0:11:12.360 --> 0:11:17.079
<v Speaker 1>different client bases, demographics of who they target are dramatically different.

0:11:17.080 --> 0:11:21.960
<v Speaker 1>So why why they're similar. They're not the same every

0:11:22.200 --> 0:11:25.040
<v Speaker 1>whole asignment. Everyone really quick go to Google and type

0:11:25.080 --> 0:11:29.680
<v Speaker 1>in the top ten ways Amazon makes money. Walmart doesn't

0:11:29.720 --> 0:11:32.160
<v Speaker 1>have a web services business and got the number one.

0:11:33.600 --> 0:11:35.280
<v Speaker 1>So mean, when you got a big kahuna like that,

0:11:35.440 --> 0:11:39.920
<v Speaker 1>Like man, there's you know, like their model as a

0:11:39.960 --> 0:11:43.960
<v Speaker 1>lost leader model to gain traction and trust. This is

0:11:43.960 --> 0:11:46.160
<v Speaker 1>why they're able to navigate into the healthcare field so well,

0:11:46.160 --> 0:11:49.280
<v Speaker 1>because if you know, in healthcare, the experience isn't always

0:11:49.280 --> 0:11:51.400
<v Speaker 1>the best, and if they can put that Amazon prim

0:11:51.480 --> 0:11:53.359
<v Speaker 1>like experience on medical.

0:11:54.480 --> 0:11:55.920
<v Speaker 4>Puts a lot of companies on notice.

0:11:55.960 --> 0:12:00.800
<v Speaker 1>So wild spending may go down in Walmart. We may

0:12:00.840 --> 0:12:03.400
<v Speaker 1>eventually see a slight uptake towards at the end of

0:12:03.440 --> 0:12:06.240
<v Speaker 1>the year towards Amazon from like the Christmas rally. I

0:12:06.320 --> 0:12:08.880
<v Speaker 1>just think there's two totally different businesses.

0:12:09.120 --> 0:12:12.480
<v Speaker 4>Management is better in this era.

0:12:13.080 --> 0:12:15.440
<v Speaker 1>They've done an amazing job, But I've been Bezos being

0:12:15.520 --> 0:12:19.360
<v Speaker 1>at the at the helm of the company anymore. I

0:12:20.000 --> 0:12:22.440
<v Speaker 1>don't think this should have affected their stock price at all,

0:12:22.880 --> 0:12:25.760
<v Speaker 1>but I understand why why it may have in the

0:12:25.800 --> 0:12:27.880
<v Speaker 1>short term. Amazon is one of my favorites. It's been

0:12:27.880 --> 0:12:31.200
<v Speaker 1>a stock club pick forever. Please continue the hold five

0:12:31.280 --> 0:12:31.880
<v Speaker 1>or ten years?

0:12:32.160 --> 0:12:32.480
<v Speaker 2>Please?

0:12:33.280 --> 0:12:35.960
<v Speaker 6>What's your long term outlook for Amazon? Five years, ten

0:12:36.040 --> 0:12:39.120
<v Speaker 6>year outlook? It's currently at one hundred, it's currently at

0:12:39.120 --> 0:12:41.200
<v Speaker 6>a price, currently at one hundred and twenty one dollars

0:12:41.280 --> 0:12:43.680
<v Speaker 6>right now, what do you think potentially it could potentially

0:12:43.760 --> 0:12:45.320
<v Speaker 6>get to in five years years?

0:12:46.600 --> 0:12:57.360
<v Speaker 4>Are you coming in with a good, spicy question? Two forty.

0:13:00.040 --> 0:13:04.960
<v Speaker 2>Five years? Two forty that's that's conservative, easy victory.

0:13:05.600 --> 0:13:10.119
<v Speaker 6>Yeah, that's forever for everybody that's that's gonna be disappointed

0:13:10.120 --> 0:13:13.200
<v Speaker 6>with two forty. I already know that's double. That's one

0:13:13.280 --> 0:13:16.160
<v Speaker 6>hundred percent in five years. Let's say let's say even

0:13:16.200 --> 0:13:18.000
<v Speaker 6>if it was let's say hypothetically, even if it was

0:13:18.040 --> 0:13:23.640
<v Speaker 6>ten years, that's one hundred percent. But you this kind

0:13:23.640 --> 0:13:25.600
<v Speaker 6>of stocks, This is this is the problem with investing.

0:13:26.040 --> 0:13:30.120
<v Speaker 6>You're looking for unrealistic returns. You're gonna hurt yourself. You

0:13:30.200 --> 0:13:32.839
<v Speaker 6>got you you got spoiled in the last couple of years,

0:13:32.840 --> 0:13:34.839
<v Speaker 6>and you want one hundred percent in twelve months, So

0:13:34.960 --> 0:13:37.960
<v Speaker 6>you want one hundred percent in five months. Yes, you

0:13:37.960 --> 0:13:40.360
<v Speaker 6>can potentially always get that depending on how you invest

0:13:40.480 --> 0:13:44.560
<v Speaker 6>but yeah, not always like that in investing. And if

0:13:44.600 --> 0:13:50.120
<v Speaker 6>you can double your money as opposed to it, you know,

0:13:50.400 --> 0:13:53.480
<v Speaker 6>losing value because of inflation, sitting in a bank account.

0:13:54.240 --> 0:13:56.920
<v Speaker 6>That's that's the name of the game. So long term

0:13:56.920 --> 0:14:03.200
<v Speaker 6>perspective on on things are very, very critical.

0:14:03.040 --> 0:14:04.280
<v Speaker 1>And they got to ask you, do they want a

0:14:04.280 --> 0:14:06.559
<v Speaker 1>player that's gonna get a guaranteed bucket or a player

0:14:06.600 --> 0:14:07.199
<v Speaker 1>that's gonna be.

0:14:07.160 --> 0:14:10.080
<v Speaker 4>Like good for game one and games two through seven.

0:14:10.120 --> 0:14:11.080
<v Speaker 4>They're streaky as hell.

0:14:12.840 --> 0:14:15.160
<v Speaker 7>Yes, yeah, and it just split. Somebody just asking the

0:14:15.200 --> 0:14:18.120
<v Speaker 7>chat isn't gonna come back down? Twenty five days ago

0:14:18.160 --> 0:14:21.320
<v Speaker 7>it was one hundred and three dollars like after it split,

0:14:21.920 --> 0:14:24.160
<v Speaker 7>I mean one hundred and three. So now we're up

0:14:24.200 --> 0:14:31.960
<v Speaker 7>at what one twenty one split before it got up

0:14:32.000 --> 0:14:35.000
<v Speaker 7>to Did it get back up to twenty six hundred

0:14:35.040 --> 0:14:39.400
<v Speaker 7>or twenty found I know that people even invest in it. Yeah,

0:14:39.520 --> 0:14:41.440
<v Speaker 7>it was a thirty seven hundred at its peak and

0:14:41.480 --> 0:14:44.040
<v Speaker 7>then obviously with the split, numbers are now up on

0:14:44.080 --> 0:14:44.400
<v Speaker 7>the chart.

0:14:44.440 --> 0:14:47.480
<v Speaker 2>But it pulled back really like.

0:14:47.480 --> 0:14:51.440
<v Speaker 7>Forty, which you know, it's tough to wash in your portfolio,

0:14:51.520 --> 0:14:53.080
<v Speaker 7>but when you invested in long term and it you

0:14:53.160 --> 0:14:54.480
<v Speaker 7>understand this, this is part of it.

0:14:55.480 --> 0:14:57.280
<v Speaker 1>Yeah, hope for the long term, and I know some

0:14:57.320 --> 0:15:00.360
<v Speaker 1>of you. I talked to some of you via DM man.

0:15:00.640 --> 0:15:02.520
<v Speaker 1>I don't like some of the takes on quit trading.

0:15:02.840 --> 0:15:05.320
<v Speaker 1>Everything I'll say is a long term investing. If you

0:15:05.320 --> 0:15:09.000
<v Speaker 1>want trading device, come to invest Fest. I don't talk

0:15:09.080 --> 0:15:11.000
<v Speaker 1>long term, I mean trade on him for me, but

0:15:11.040 --> 0:15:14.000
<v Speaker 1>come to invest Fest. But don't try and turn everything

0:15:14.000 --> 0:15:16.560
<v Speaker 1>into a flip, because it's how a lot of people

0:15:16.640 --> 0:15:19.320
<v Speaker 1>end up losing money. Hold these for a long period

0:15:19.360 --> 0:15:21.880
<v Speaker 1>of time, and technically, I know I haven't talked about

0:15:21.880 --> 0:15:24.200
<v Speaker 1>it before, but you should have like a recession account

0:15:24.720 --> 0:15:26.400
<v Speaker 1>for the stocks you want to buy during a recession

0:15:26.400 --> 0:15:28.400
<v Speaker 1>that you're just going to pile money into and you're

0:15:28.400 --> 0:15:29.800
<v Speaker 1>not going to look at for ten years and have

0:15:29.880 --> 0:15:33.480
<v Speaker 1>then have your main brokerage account the same way you

0:15:33.480 --> 0:15:35.720
<v Speaker 1>should have your swing trading and your trading account. They

0:15:35.760 --> 0:15:38.400
<v Speaker 1>trade account separate for one another. You are going to

0:15:38.480 --> 0:15:41.520
<v Speaker 1>be upset in ten years when I come back and

0:15:41.560 --> 0:15:43.360
<v Speaker 1>be like, hey, I told you so. You don't want

0:15:43.400 --> 0:15:46.160
<v Speaker 1>to hear that you were sick and he's supposed to

0:15:46.200 --> 0:15:50.320
<v Speaker 1>be humble. That's the problem in changed on the people.

0:15:51.320 --> 0:15:54.560
<v Speaker 1>How could you I was worse before. You just didn't

0:15:54.600 --> 0:16:03.160
<v Speaker 1>know me, baby boy. It's way worse. Right, So, as

0:16:03.240 --> 0:16:06.000
<v Speaker 1>Rashade would say, I'll save this to say, invest in

0:16:06.040 --> 0:16:09.360
<v Speaker 1>whole long term and quit trying to take my advice

0:16:09.400 --> 0:16:12.800
<v Speaker 1>and flip them to your homeboys as trading advice. I ain't.

0:16:12.840 --> 0:16:14.480
<v Speaker 1>That ain't what I signed you up for. But if

0:16:14.480 --> 0:16:16.560
<v Speaker 1>you do want trade information, I will have that for you.

0:16:16.760 --> 0:16:19.040
<v Speaker 1>At invest Fast August seventh.

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<v Speaker 8>My graduates from my school being forced bad drop Bag

0:16:25.800 --> 0:16:29.360
<v Speaker 8>Drop Mike drop Bad drop Drop.

0:16:41.360 --> 0:16:44.840
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