2020.11.24 – Out Of Bounds

$ 499 + HST

KEY INVESTMENT INSIGHTS

  • Drug Retailers/Distributors: Amazon’s launch of Amazon Pharmacy in the U.S. in the midst of a pandemic is brilliant and lays the foundation for it to open Amazon Care, its private healthcare offering, to all Prime members.
  • Banking: Google is moving deeper into consumer banking as Google Pay starts to offer savings/checking accounts.
  • Big Box Retailers: One-stop shopping led to rising comp sales for Walmart, Target, Home Depot and Lowe’s but e-commerce sales growth decelerated from last quarter. Although they will benefit from lockdowns, one-stop shopping will disappear and ecommerce sales growth will decelerate once we get a vaccine.