Fri-yay of a record-setting week

Hey traders, The markets were a mixed bag today but inched closer and closer to setting new records. Disney saved the day for the Dow after new quarterly gains, thanks to Disney+ and the Nasdaq had a bump from the hot new IPO, Bumble. Over the last few weeks, earnings reports have been a happy surprise for investors as most companies have posted better than expected gains. Speaking of better-than-expected gains… Rob Booker is having his best year yet with over 290% returns from a strategy he’s sharing in a live broadcast tomorrow. Only 1% of Rob’s readers have access to these picks, but he’s letting the cat out of the bag at 9 AM EST on Saturday, February 13. [Click here to reserve your seat.]( Clicking automatically registers you for the event and periodic updates from Rob Booker. ([Privacy policy]( Bumble: Sweet as Honey Earlier this week, the online dating app Bumble made its public debut. Bumble was expected to open between $28 and $30, but instead opened at a whopping $43/share and closed well above that. [Check out this article to learn more.]( Clicking automatically registers you for the event and periodic updates from Rob Booker. ([Privacy policy]( IPO & SPAC Maddness Last year, we saw a record number of IPOs and SPACs. 2021 is setting up to continue with the craze. So far, companies raised 63 billion globally from IPOs in January, more than five times the amount from the same period of 2020. And, earlier this week, we mentioned former NFL quarterback [Colin Kaepernick’s new SPAC]( venture. But he’s not the only former pro-athlete throwing his hat in the SPAC ring.  [Click here]( to read about the SPAC and IPO frenzy everyone’s getting in on. A Thunderbolt at Amazon: Bezos Will Step Down as CEO Dear Reader, The American retail giant Amazon finally released its highly-anticipated report with figures for the crucial final quarter of 2020. Amazon's final quarter is always particularly important because it includes both Christmas and Cyber Monday. Although the numbers were phenomenal and far exceeded market expectations, they were quickly overshadowed by another piece of news. Amazon's founder and CEO Jeff Bezos plans to step down at the end of the 2nd quarter to work on other projects. He will remain at the company in other capacities. Bezos's successor has already been chosen Bezos's successor has already been chosen. He is Andy Jassy, the current head of Amazon's rapidly-expanding Cloud division. I think this is good news. Jassy is a long-time partner of Bezos and a proven expert on Amazon's business model. The news was no big surprise to those at the company. After Jeff Wilke, who had been in charge of Amazon's consumer business, retired at the beginning of the year, Jassy was Amazon's second-highest manager. Jassy is also considered to be open to new ideas, which was another point in his favor. Revenue significantly over 100 billion USD in the final quarter Let's now take a look at the numbers. In the final quarter of 2020, Amazon took in over 100 billion dollars for the first time in its history. More accurately, Amazon crushed the 100-billion-dollar mark, raking in 125.6 billion. Compared to the same quarter last year, that's a hefty 44% increase. In the last three months 2020, Amazon was able to increase net profit to 7.2 billion USD, more than doubling it. The company earned 21.3 billion USD over the course of 2020, an increase of 84% and a new record. Amazon's largest driver of profit is not their high-revenue retail division but instead the Cloud, which offers IT services and storage space online. Amazon's Cloud platform AWS, which is used by many companies and apps, raised their quarterly revenue by 28% to 12.7 billion USD and their EBIT by 27% to 3.6 billion. Focus on Amazon stock Amazon stock dropped after hours and then surged back up higher than before. In my opinion, the phenomenal numbers from last quarter should have pushed the stock even higher than it did, but Jeff Bezos's announcement dragged it down. For investors thinking long-term, these types of weak days are a good entry point. After all, Microsoft and Apple have shown that they can thrive without Bill Gates or Steve Jobs, and looking back, the days on which they stepped down were excellent times to buy stock in their companies. Finally, this 10-year chat for Amazon shows that, in the long term, the stock only knows one direction to travel: Up. ([Source]( Rolf Morrien Chief Editor, "Morriens Schlussgong" Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. 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