The biggest market headline last week came from Amazon\u2019s $13.7 billion acquisition of Whole Foods. The transaction left many investors scratching their heads. Wasn\u2019t Amazon supposed to be in the online retail and cloud business? Why are they buying a high-end grocery chain?<\/p>\n
Amazon\u2019s acquisition speaks to a broader trend amongst mega-cap technology companies: the desire to be a one-stop shop for consumers. Facebook wants users to log-in daily and get all of their news from the site; Google wants users to consolidate email, workflow, and search all in one place; Netflix wants to be the go-to source for at-home entertainment; Apple wants loyal customers to only buy their hardware and software; Amazon wants, well, they want everything it seems.<\/p>\n
These mega-cap companies have two distinct advantages in the marketplace: high visibility and astronomical amounts of cash. It begs the question I posed with the title of this week\u2019s column: is tech slowly taking over the entire market? <\/em>And as an investor, does that mean you should be bulking up the technology holdings in your portfolio? I\u2019ll explore those questions here.<\/p>\n The biggest market headline last week came from Amazon\u2019s $13.7 billion acquisition of Whole Foods. The transaction left many investors scratching their heads. Wasn\u2019t Amazon supposed to be in the online retail and cloud business? Why are they buying a high-end grocery chain?<\/p>\n <\/p>\n Amazon\u2019s acquisition speaks to a broader trend amongst mega-cap technology companies: the desire to be a one-stop shop for consumers. Facebook wants users to log-in daily and get all of their news from the site; Google wants users to consolidate email, workflow, and search all in one place; Netflix wants to be the go-to source for at-home entertainment; Apple wants loyal customers to only buy their hardware and software; Amazon wants, well, they want everything it seems.<\/p>\n <\/p>\n These mega-cap companies have two distinct advantages in the marketplace: high visibility and astronomical amounts of cash. It begs the question I posed with the title of this week\u2019s column: is tech slowly taking over the entire market? <\/em>And as an investor, does that mean you should be bulking up the technology holdings in your portfolio? I\u2019ll explore those questions here.<\/p>\n","protected":false},"excerpt":{"rendered":" The biggest market headline last week came from Amazon\u2019s $13.7 billion acquisition of Whole Foods. The transaction left many investors […]<\/p>\n","protected":false},"author":1,"featured_media":7430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,71],"tags":[],"class_list":["post-6535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mitch-on-the-markets","category-private-client-group"],"acf":[],"_links":{"self":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/6535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/comments?post=6535"}],"version-history":[{"count":1,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/6535\/revisions"}],"predecessor-version":[{"id":11000,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/posts\/6535\/revisions\/11000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/media?parent=6535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/categories?post=6535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zacksim.com\/blog\/wp-json\/wp\/v2\/tags?post=6535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}