Fast Money Blog- 10/11/24

Overall it was a positive week on Wall Street as many of our favorite Dow and S&P components saw a rise ahead of Q3 earnings releases. 

September’s CPI report was released on Thursday, Oct. 10th, showing that overall inflation was 2.4%, down slightly from the August rate of 2.5%. The report also showed that housing costs are finally beginning to slow down on a monthly basis, which is very good news, as shelter makes up a large portion of overall inflation. 

In other news, Amazon Inc (AMZN) once again cemented itself as the leader in the e-commerce landscape. 

Here are three reasons why I think AMZN is going to be one of the real winners over the next 52 weeks. 

1.This week's two day-Prime Event was a rousing success for Amazon, and their largest October shopping event to date, setting records for sales and the number of items sold. This revenue along with revenue from the upcoming holiday should amount to strong Q4 earnings. 

2. Amazon recently opened its most advanced fulfillment centre yet in Shreveport, Louisiana. This facility is employing AI and a fleet of robots, which will expedite delivery times while enhancing safety and sustainability.

3. Amazon has been quietly making advances in their Pharmacy department which first launched in 2020. 

Tyrone, how could Amazon become a disruptor in the online-pharmacy industry? 

Amazon has the ability to be a disruptor because the company is leveraging its vast logistics network and advanced automation technology to solve one of pharmacy’s biggest problems: the lack of convenient and affordable access to medications.

As the number of brick and mortar pharmacies have diminished, more people are looking for ways to get fast access to their medications. This is what Amazon is seeking to capitalize on.

I think the company’s intensions and stock performance over the past 5 years are well aligned with the needs of American society, making AMZN a real winner. 

Tyrone Jackson, The Wealthy Investor