Staggering gains are anticipated at Google, Facebook, Apple, and Amazon during the economic downturn. profgalloway writes
Photo: Getty Images The only investment strategy, portfolio, or retirement planning any person needs is the following: Buy the stocks of firms that are unregulated monopolies and nothing else. I’ve followed this dictum for a decade, and it’s worked.
The stock remains in a trading range of +/– 20 percent as it’s fully valued. The outlier here is if they announce a recurring revenue bundle.Facebook and Google’s business will have the rebound pattern the president is hoping for the economy: a V. Search terms and ads on Google and Facebook have plunged 20 percent in the last 30 days. The recovery will be equally as bloody on the way back up. The duopoly’s share of the digital-ad market is predicted at 61 percent in 2021.
Even harder hit are the digital marketing firms that aren’t Facebook or Google. BuzzFeed and Yelp have seen display ads on-site decline 40 to 70 percent versus last year. Vox, HuffPost, and Vice will follow. Some will make it out. Some. Amazon Fresh orders are up 323 percent year-over-year as of March. The company hired 100,000 fulfillment-center and delivery workers in March, then another 75,000 in April. Its New York City employees increased 24 percent. Amazon is Ben Johnson, juiced up on the steroids of tax avoidance, government subsidies, flaccid antitrust, and cheap capital that make the firm a species no other retailer can compete with.
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