AMZN, Ford stagger from heavy losses

Amazon is down more than 5% in after-hours trading…

And futures for the NASDAQ composite look ugly this morning.

It wasn’t all bad news for Amazon when it came to earnings yesterday. Amazon’s advertising business was up 19%.

In contrast, this week’s star, Meta, saw its own advertising business decline. Alphabet’s was down too, as was Snap’s.

But the overall story was still grim.

And it’s a bad sign when corporate executives start pushing blame on the larger economy.

“In the short term, we face an uncertain economy,” said CEO Andy Jassy, “but we remain quite optimistic about the long-term opportunities for Amazon.”

Not good enough.

A loss was already priced in for investors – AMZN was actually up during the trading day. But Amazon actually suffered the worst annual loss in its history.

It suffered a net loss of $2.7 billion.

I mean I personally blame that terrible “Rings of Power” show, which cost about a billion dollars…

But there were some bigger factors.

You had Rivian Automotive (RIVN) costing the company billions… a situation that is likely to get worse as TSLA kicks off an EV price war. (Ford is also having a hard time).

You’ve got labor disputes and unionization, which could potentially challenge Amazon’s whole business model and dramatically increase its cost of operation.

And you have slowing growth in the cloud-computing business… something even Microsoft recognized.

Still, behind all of this, I think there’s something more.

Personnel is policy.

I can’t help but notice that Meta Platforms has managed to claw its way back because Mark Zuckerberg is still at the helm, making tough decisions, and cracking down on those employees who aren’t willing to do what it takes to fulfill his vision.

Meanwhile, Jeff Bezos has moved on to other things.

It may seem like an intangible factor, but personal leadership and dedication matter.

It’s been said that an institution is the lengthened shadow of one man.

Mark Zuckerberg is still standing by his.

Jeff Bezos has checked out.

Keep Moving,

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COACH’S CORNER

“The market has been rallying like a beast over the past week. In the Trade Command room we’ve played it profitably all the way up.. I feel sorry for those whose bearish bias has clobbered them. Remember, even if the market takes another leg down you have to time it right or you’ll get wiped out. Trade what you see, not what you think.”

“Although we’re approaching a key resistance level on SPY ($417.00 – 420.00 range) we could blast right through. Don’t just assume it will hold. One sector that isn’t getting any love is oil and energy. Stocks like CVX have fallen through the floor and those looking for a potential short play in the near term should check out the chart of XOM below.

I do believe we’ll see a rise in oil prices later in the year. But timing is everything and right now I’d stay away from tickers like CVX and OXY, until they find a bottom.”

Cheers,
Chris Hood

WORD ON THE STREET

AMZN’s Worst Loss, Google Starts AI War, Ford Takes An L

Good, But Not Good Enough – Amazon (AMZN) actually had a better holiday sales record than many expected, but it couldn’t save the company from the largest annual net loss in its history. Amazon lost $2.7 billion – and a huge part of that came from investing in EV maker Rivian Automotive. International sales declined, a product of the strong dollar in 2022.
Points For Honesty – Ford (F) reported that it lost $2 billion last year, and CEO Jim Farley had no excuses. “Our fourth-quarter and full-year financial performance last year fell short of our potential,” he said. He admitted “the year could have been so much more for us at Ford.” With earnings falling far short of expectations, the stock was down more than 6.4% in after-hours trading.

“We have deeply entrenched issues in our industrial system that have proven tough to root out.” – CEO Farley

Apple’s Sales Plummet – Apple (AAPL) is facing a huge challenge, with the stock dropping 3.2% after the company posted the biggest drop in revenue in six years. Tim Cook blamed supply disruptions for the lost sales, though he admitted he can’t say if a stable supply chain would have solved the sales problem because “you have to know exactly what would’ve happened.” Well, that’s why you get paid the big bucks, Tim.
Google Vows Vengeance In AI War – Smarting from Microsoft’s (MSFT) lead in AI with Open AI and the ChatGPT sensation, Google says it will have its own response soon. “People will be able to interact directly with our newest, most powerful language model as a companion to Search, in experimental and innovative ways,” vowed CEO Sundar Pichai. Pichai also said AI is the “most profound technology we are working on today.”

HOT SPOTS: What’s Going on in Geopolitics

China’s Spy Balloon Sparks Frenzy – So apparently China has a high-altitude spy balloon flying somewhere over Montana. The Pentagon said it is “well above commercial air traffic and does not present a military or physical threat to people on the ground.” Speaker of the House Kevin McCarthy said the action was “destabilizing” and urged President Joe Biden to respond.
Putin Blasts Germany During Stalingrad Tribute – President Vladimir Putin accused Germany of reforming Nazism by sending tanks to Ukraine to be used against Russian soldiers. “Again and again we have to repel the aggression of the collective West,” he said. “It’s incredible but it’s a fact: we are again being threatened with German Leopard tanks with crosses on them.” Putin vowed victory in the current war, expressing faith in the “indestructible nature of our people” and alluding to Russia’s nuclear arsenal.
USA Beefs Up Presence In Former Colony – The former American possession of the Philippines has agreed to a larger American military presence in order to deter military action by China. The “Enhanced Defense Cooperation Agreement” will support combined training and coordination, and the United States has set aside $82 million for more military infrastructure in the country.

Chief Investment Strategist, Adam O’Dell, says we’re witnessing a new oil boom that is STILL just in its infancy.

Because Adam says there’s a convergence of multiple geopolitical and economic factors coming together in 2023…that will create a brand-new SUPER BULL in oil…

That could send prices higher than any previous peak in history.

Click here to get all the details on

Adam’s top oil stock of 2023

CUTTING EDGE: What‘s Happening In Tech

Netflix Cracks Down On Password Sharing – This is the counter-insurgency of corporate campaigns. Netflix (NFLX) is struggling to keep its customers from sharing passwords by telling them to designate a primary location through a TV “that is signed into your account and is connected to your Wi-Fi network.” Customers will need to keep their primary location active by signing in every 31 days before they can use Netflix on other devices. Something tells me this is going to get complicated fast – and people who flat out refuse to pay will find a workaround.
Institutional Traders Backing Away From Crypto – According to a new report from JPMorgan Chase & C0, 72% of institutional traders say they have “no plans to trade crypto” in 2023. Cryptocurrency has been rising in value lately – however, regulatory uncertainty following the collapse of the FTX exchange is leading many major investors to watch and wait before dipping their toes back into this volatile market.
Japan Turns To NFTs To Be “Cool” – Yes, I can actually hear your groan through the Internet. In one of the greatest examples of national cringe in history, Prime Minister Fumio Kishida said Non-Fungible Tokens and decentralized autonomous organizations (DAOs) could be part of a “Cool Japan” cultural strategy to build the country’s soft power. “If you consider DAOs, people who are interested in the same social issues can form a new community,” he said. “NFTs can also be used to diversify the income of creators and maintain highly loyal fans.”

If the government of Japan starts selling official NFTs, I can’t promise I won’t commit seppuku

FOR YOUR CONSIDERATION

“After all, aren’t day traders furiously clicking buttons and tracking patterns on a 30-second chart? Personally, I don’t know anyone who trades that way – even intra-day. For the most part, only computers trade that fast.”

Coming fresh off a 132% gain, Chris Hood explains why his method doesn’t mean sitting at your computer all day, clicking frantically.

It’s far more relaxed, far easier to understand, and built on technical signals that every options trader can master.

Don’t miss it. This system works.

TRIPLE-DIGIT DAY TRADING

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AMZN, Ford stagger from heavy losses

WORD ON THE STREET

AMZN’s Worst Loss, Google Starts AI War, Ford Takes An L

HOT SPOTS: What’s Going on in Geopolitics

CUTTING EDGE: What‘s Happening In Tech

FOR YOUR CONSIDERATION

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