tech
Sarat Sethi is watching this 'Magnificent Seven' stock
Amazon shows signs of growth as it continues to expand its businesses, Sarat Sethi said on CNBC's "The Exchange."
TL;DR
- Amazon is a top performer in the "Magnificent Seven" group of tech stocks, showing strong year-to-date growth.
- Sethi's optimism for Amazon is driven by its core retail business, AWS, and new ventures, including a recent acquisition of Globalstar for satellite connectivity.
- Amazon's satellite service, Amazon Leo, will enable direct-to-device connectivity for emergency SOS and texting in areas without cell service.
- Beyond tech, Sethi also favors Blackstone for its diversified private equity operations and JPMorgan for its strong traditional banking performance and increased M&A activity.