Why investors should be looking for thematic trades in this environment, and everything else to watch in markets on Monday, August 8, 2022.
Amazon (NASDAQ: AMZN) recently reported its second-quarter financial results, and Amazon Web Services (AWS) and the company's e-commerce business again got most of the attention. The company's ad market share is on the rise.
Last week, Amazon (NASDAQ: AMZN) announced it would be purchasing Roomba maker iRobot (NASDAQ: IRBT) for $1.7 billion, or $61 per share. In its second-quarter report, released in conjunction with the acquisition announcement, iRobot reported revenue down 30% from a year ago, with operating losses ballooning to $63.9 million, from a $3 million loss in the year-ago quarter.