COWEN: We counted at least 7 retail companies that can’t get eaten up by Amazon (AMZN, COST, WFM, ROST, WMT, TJX, TIF, LVMH, BID)
|06/19/2017||Posted by BusinessMediaguide.Com under General World News||
Amazon spread its reach further into the retail industry on Friday when it announced its jaw-dropping acquisition of Whole Foods for $13.7 billion.
The market’s instant reaction — Amazon’s shares rallied while its competitors tumbled — sent a clear message: Investors are bullish on Amazon’s success in the delicate business of fresh-food delivery, and they’re worried about its impact on established grocers like Target and Walmart.
But at least seven retail companies’ stocks are “un-Amazon-able,” according to Oliver Chen, a senior equity research analyst at Cowen:
“Taking a step back in the sector at large, we continue to believe read more >>>