Morningstar Moments: 3 Things You May Have Missed
Our analysts cover Amazon.com's latest buy, the thematic fund landscape, and the Exxon board vote.
Here are the major market moments our analysts have been talking about.
1) Lights, Camera, Action: Amazon's Big Buy
James Bond, Rocky, and even the Real Housewives have joined Amazon.com's AMZN ranks. The Internet retail giant announced its $8.45 billion acquisition of MGM Studios. Not only will this deal expand Amazon Prime's content library, but it will also most likely jack up the price for Prime memberships.
2) Morningstar's Second Annual Global Thematic Funds Landscape
Thematic funds are defined as "those that select holdings based on their exposure to one or more investment themes." Most recently, these themes include cannabis and artificial intelligence.
to explore the emerging trends.
3) Dismantling the "Climate Denial Machine"
Shareholders brought home a huge win for sustainable investors and climate change activists. Two seats on the energy giant's board now belong to Engine No. 1, a newly formed activist hedge fund. The candidates pledged to shift the company's focus from climate-damaging fossil fuel to renewable energy.
Stay in the loop with @MorningstarInc and our analysts: Dave Sekera, chief U.S. market strategist: @MstarMarkets Ben Johnson, director of global ETF research: @MstarETFUS Jon Hale, head of sustainability research for the Americas: @Jon_F_Hale