U.S. voters currently feel good about the U.S. economy, but not about our current administration, according to recent polls. President Donald Trump’s popularity rating is at the lowest its been for any president after one year.
Here’s what went down:
Amazon.com, Inc. (AMZN)
Amazon announced that it has made progress in entering the health care space.
The company’s business started with nothing more than selling books, but it has since become a major e-commerce retailer selling just about everything. Then, it enter the supermarket fray with its acquisition of Whole Foods.
Now, Amazon is working with Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B) and JPMorgan Chase & Co. (NYSE:JPM) to build a new healthcare company that may have what it takes to change the industry due to the company’s strong connection with customers.
The Amazon brand is a strong one that consumers trust in, plus the addition of Whole Foods and Amazon lockers give the retailer the infrastructure necessary to deliver prescriptions through its channels.
Last fall, the e-commerce giant had secured pharmaceutical licenses in more than a dozen states.
AMZN stock is up 22.3% year-to-date (YTD).
Apple Inc. (AAPL)
Apple announced that it is updating its iOS to bring sign-on authentication for websites.
With Apple iOS 11.3, consumers will be able to enter surveys, services and other social media outlets by simply signing on to your Apple account. Facebook Inc (NASDAQ:FB) already has this feature.
The Apple equivalent of this service will be called ‘SecureChannel’ and the company said that websites entered using the technology will give them access to their iCloud data on those sites.
Apple Music has also been soaring lately as the service has been growing in terms of subscription numbers by 5% every month, compared to Spotify, which has slowed down, growing by 2% every month.
If this pace keeps up, Apple Music will have surpassed Spotify’s membership total by this summer.
AAPL stock is down 5.2% YTD.
Tesla Inc (TSLA)
Tesla announced a move that will help bring power to more Australian homes.
The tech giant said that it is improving Australia’s power grid as it has inked a partnership with South Australia premier Jay Weatherill to install 5kW solar panels, along with Tesla Powerwall 2 batteries.
These additions will be made to at least 50,000 homes in Australia to create the largest-ever “virtual power plant,” which will see homes with surplus energy contribute to the grid.
The move is designed to help stabilize the country’s electricity infrastructure as it will reduce prices and the amount of blackouts in various regions of South Australia. The trial will begin with 1,100 public homes.
There will be no upfront charge for these homes to have their panels installed.
TSLA stock is up 10.4% YTD.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.