{"id":6535,"date":"2017-06-26T16:43:33","date_gmt":"2017-06-26T20:43:33","guid":{"rendered":"https:\/\/www.zacksim.com\/?p=6535"},"modified":"2022-02-26T13:19:30","modified_gmt":"2022-02-26T13:19:30","slug":"tech-slowly-taking-entire-market","status":"publish","type":"post","link":"https:\/\/zacksim.com\/blog\/tech-slowly-taking-entire-market\/","title":{"rendered":"Is Tech Slowly Taking Over the Entire Market?"},"content":{"rendered":"<p>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>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>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: <em>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<p>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>&nbsp;<\/p>\n<p>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>&nbsp;<\/p>\n<p>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: <em>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":"<p>The biggest market headline last week came from Amazon\u2019s $13.7 billion acquisition of Whole Foods. The transaction left many investors [&hellip;]<\/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":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is Tech Slowly Taking Over the Entire Market? - Zacks Investment Management Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zacksim.com\/blog\/tech-slowly-taking-entire-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Tech Slowly Taking Over the Entire Market? - Zacks Investment Management Blog\" \/>\n<meta property=\"og:description\" content=\"The biggest market headline last week came from Amazon\u2019s $13.7 billion acquisition of Whole Foods. 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