From Barron's Stocks to Watch:
Sears' announcement that it would be selling appliances on Amazon has hit competitors...hard.
Amazon.com (AMZN) has done it again. Today, Sears Holdings (SHLD) announced that it would start selling its Kenmore appliances on Amazon, and that some of them would even be able to use Alexa.*Robert Oppenheimer's thought upon the successful detonation of the first atomic bomb, using the Christopher Isherwood-Swami Prabhavananda translation of the Bhagavad Gita.
And just like after Amazon announced that it had agreed to buyWhole Foods Market (WFM), the news is hammering every company competes with Sears in the appliance space, including Whirlpool (WHR), Home Depot (HD), and Lowe's (LOW).
The announcement, however, raises more questions than answers....MORE
LOW $72.94 -3.89 (-5.07%)
HD $147.00 -6.30 (-4.11%)
WHR $189.54-8.80 (-4.44%)
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"Amazon Is Pure Madness: It's Going to Destroy Almost Every Industry Alive and It Must Be Stopped", Bezos Denies Being Satan's Minion