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Keith Fitz-Gerald of Money Map Press on Amazon’s recent spending spree and why it’s benefitting the stock.
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Tech stand out today its name is Amazon let's -- battle with Keith FitzGerald would money map press look at on board Korea Keefe.
A twelve dollar gain.
For a company which just reported much -- -- profit margins because it was spending a lot of money to look to the future.
That's why -- turnaround for stuff like that.
Isn't that great I mean I love it -- those goes on the warpath he says you know what I'm gonna spend right through this I'm gonna get in the cloud computing I'm gonna do things -- my technology.
I'm gonna make it easier faster and better -- my customers to get what they want.
In the market -- -- -- -- -- concept but it's the exact opposite of lost so many public companies are doing that cutting cost and laying people off that not a bad not behind this not buying that none and they're holding back cash the basis gets right at them and spends -- what surprises me you know.
Is the market loves it I think.
Amazon is now up 12 dollars this morning.
Well that speaks to something that you and I talked about so frequently -- is when the going gets tough you want to shift to those stocks.
That are involved in products services and segments that customers need as opposed to just want I would submit that Amazon is not really merchandising company it's a tech company and people need it now it's not just the one anymore and maybe people are listening to his disease now thirteen dollars and 54 cents to 6%.
For a company like Amazon and get -- -- -- switch -- for second.
Because that that's not the same store that we getting from other tech companies and I suspect that there's a movement by investors.
How -- tech and into.
Dare I say seeing stocks like alcohol and tobacco they seem to be doing particularly well.
-- and that's very logical we've been encouraging our clients to accumulate those very same stocks and the reason is that tac is one of those things that comes and goes it's very hard to make money from most of those sectors as team -- is figuring out -- FaceBook it's stuff goes mobile.
They can't control it and it's very hard to be device centric.
If you go to things like Altria for example which -- -- Philip mores.
That's something that expand to 567%.
A year just like clockwork it pays four point 7% or four point 6% dividends in a zero interest rate environment that's extremely appealing alternative yet -- -- He's just say that the 12 I've got breaking news is from the White House its statement on today's GDP report.
The White House says second quarter GDP figures showed the economy is quote.
Moving -- -- right direction.
But -- growth is needed to boost jobs and that's a direct quote moving in the right direction -- you still weather's.
Ten I'm hard put to -- into express an opinion on a White House that says we're moving in the right direction when growth is slowing but go you'll commonplace.
The ministry of white washed doesn't understand how money works they never have -- -- donors -- what it takes to get moving and I think it's a tremendous injustice the American people who were trapped inside this mess now.
All right keep you -- that he's physical -- take it -- FitzGerald thank you very much indeed good stuff from Amazon took.
