Motley Fool Money Amazon's Big Bet on the NFL
Sep 16, 2022
Emily Flippen and Ron Gross discuss Amazon's bold venture into sports broadcasting with its exclusive rights to Thursday Night Football, analyzing how this may transform the sports media landscape. Adding his insights, John Ourand explores challenges for traditional networks and Disney's potential move with ESPN. They also touch on FedEx's significant stock drop, Adobe's major acquisition, and Starbucks' optimistic growth strategies. Finally, the duo shares stock picks, spotlighting Union Pacific and Costco's resilience amidst market shifts.
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Market Pessimism
- FedEx's struggles signal broader economic concerns, impacting investor sentiment and market stability.
- The market's decline reflects concerns about inflation and potential interest rate hikes by the Federal Reserve.
FedEx as a Bellwether
- FedEx's challenges highlight the interconnectedness of businesses and the potential for widespread economic impact.
- Their proactive cost-cutting measures suggest awareness of a challenging holiday season ahead.
Adobe's Big Bet
- Adobe's acquisition of Figma for $20 billion raises concerns about overvaluation and strategic departure.
- The deal, at 50x annualized recurring revenue, is seen as reactive rather than proactive.