Amazon: Sell Options For A Potential 11% Discount And 8.8% Yield
The market looks very expensive; thus, we've reduced exposure and raised cash to deploy strategically. Amazon's Q3 results were strong, with EPS of $1.43 and revenues of ~$159 billion, showcasing robust execution. Selling AMZN put options offers an 8.8% annualized cash yield and the potential to buy shares at an 11% discount.
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Google Begins Realizing Economies Of Scale For Cloud
Alphabet reported strong Q3'24 growth in Google Subscriptions, Platforms & Devices, and Google Cloud, driven by AI investments and product launches. Significant margin improvement in Google Cloud, expanding from 3% to 17% year-over-year, suggesting durable growth and future margin accretion. Alphabet's AI advancements in ad generation, Google Search, YouTube, and cybersecurity, along with strategic investments in data centers, support long-term growth prospects.
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Biden Wanders Into Amazon Jungle After Remarks
On a valedictory visit to Peru and Brazil this week, President Joe Biden faded from view and straight into the Amazon rain forest as President-elect Donald Trump's return to power comes into sharp relief. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: https://bloom.bg/3KkEimO -------- More on Bloomberg Television and Markets Like this video?
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DOJ seeks split of Google from Chrome browser: BBG
Bloomberg reports the Department of Justice is asking a judge to force Alphabet's Google (GOOG, GOOGL) to divest its Chrome browser due to antitrust concerns. Vanderbilt Law School associate dean for research and professor Rebecca Haw Allensworth joins Morning Brief to provide insights into this legal battle.
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