Today, Amazon will catchup in stock price for all the return on the investment they made last year. Their investment in same-day delivery, prime, and AWS has had their profits double, and after a very big investment year in 2019, 2020 looks ready to grow through those investments.
We think 2020 is going to have a lot of these moments in both directions. The market itself may have a tough time correcting significantly with so much liquidity, but one-off significant up and down movements of stocks can occur. This is a perfect case scenario, and we are happy to celebrate, having been there for Facebook’s largest one day decline in market value in the summer of 2018.
It’s great to celebrate the wins, losses will happen this year too, but for now, have a great day everyone.
It’s a historic day, likely the highlight of our earnings season, and for perspective, Amazon will grow by a company approximately the size of Scotiabank today.