Zacks Market Edge Highlights: GrubHub, Costco, Sprouts Fresh Market, Blue Apron and Amazon
Let's put Costco Wholesale Corporation (COST) stock into this equation and find out if it is a good choice for value-oriented investors right now.
The retail landscape is undergoing a fundamental change with technology playing a major role, and the perfect example of the same is the last week's deal between Whole Foods (WFM) and Amazon (AMZN).
News of Amazon.com, Inc.‘s (NASDAQ:AMZN) purchase of Whole Foods Market (NASDAQ:WFM) has captured the fascination of traders everywhere, but also the ire of anyone holding onto Costco Wholesale Corporation (NASDAQ:COST). COST stock took a clobbering on Friday — one that has traders licking their lips at potential trade setups. Fear and trepidation seized any and all companies now vulnerable to Amazon’s market share stealing ways.
Early Friday morning, Amazon.com (AMZN) made waves in the stock market as the company announced their plans to buy organic grocery chain Whole Foods Market (WFM) in a deal valued at $13.7 billion.
E-commerce giant Amazon (AMZN) shocked Wall Street on Friday by announcing their plans to buy organic grocery chain Whole Foods Market (WFM) in a deal valued at $13.7 billion, or $42 a share.
This burgeoning industry provides a unique growth opportunity for companies like Visa Inc. (V) and American Express Co. (AXP) given their strong international brands.
Costco (COST) seems to be unfazed by tough retail scenario. Costco looks much more disciplined in its approach to adapt to the changing retail landscape.
L Brands, Inc. (LB) witnessed a decline in comparable sales (comps) for the sixth consecutive month as it reported May sales numbers.
Buckle (BKE) has been continuing with sluggish comparable-store sales (comps) performance.
American Express Co. (AXP) has won exclusive rights as a credit card issuer for Hilton Worldwide Holdings Inc.
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The euphoria following Costco's (COST) upbeat performance in the third quarter of fiscal 2017 is still not over, and this membership warehouse retailer has already given investors another reason to cheer.