Tag Archives: Amazon

The Magnificent Seven tech stocks, Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:FB), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA), continued to lead the tech industry in 2024, largely due to their investments in artificial intelligence. But the companies have had varying degrees of success with their AI efforts in 2024. Nvidia, Meta, Microsoft and Amazon have done particularly …

E*TRADE's Monthly Sector Rotation report highlights investor movement across S&P 500 sectors. In August, Consumer Discretionary, Information Technology, and Consumer Staples saw positive inflows, while Communication Services, Health Care, and Financials faced outflows. Despite concerns about a tech sector rotation, IT continued its strength, driven by stocks like Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT). Meanwhile, Real Estate declined sharply amid rising interest rates and economic uncertainty. Historical trends suggest that top-performing sectors, like tech in 2023, often lose momentum the following year. This dynamic could impact sector performance in 2024.

Big Tech companies are increasingly investing in artificial intelligence (AI) through strategic acquisitions and collaborations. Major firms like Amazon, Apple, Microsoft, and Google are focusing on their AI-related investments. These moves aim to enhance technological capabilities, integrate AI into core business strategies, and maintain a competitive edge. The article also addresses the challenges posed by regulatory scrutiny and the implications for the broader industry. As AI continues to evolve, these strategic decisions will likely influence the future of technology and global economic trends.

I believe the SMART stocks should be cornerstones of a portfolio exposed to the rising digital economy we live in. An economy driven by data, digital payments, targeted advertising, streaming and new social interaction at your fingertips.

If you believe these stocks are going to continue to go to P/E multiples of infinity (like the FANG stocks) or feel that other stocks in the market are undervalued based on economic and geopolitical conditions perhaps you should turn your money over to someone more qualified to manage it.