div > div.group > p:first-child"> Many Wall Street analysts this week from various industries made note of Amazon disrupting the companies they cover.
"Costco faces the Amazon wall of worry, yet we believe their sticky membership model creates loyalty which can drive sales and profits higher for years to come... Positive ticket trends, solid digital growth, and additional lift in renewal rate are all reasonable on a 12-18 month outlook," said Evercore ISI analyst Greg Melich who recently initiated coverage on the stock as outperform.
In an interview on CNBC's Mad Money, Jim Cramer asked FedEx CEO Fred Smith why the company brought up Amazon on the earnings conference call at all. Smith said FedEx felt compelled to bring up Amazon on the call after CNBC reported that Amazon could take market share away from the company."We certainly don't mean to be defensive, but we do think we need to answer provocative questions when they're raised, including those brought up by CNBC," Smith said.
"Valuations for both stocks has come under significant pressure in the past year, likely fueled by macroeconomic concerns and perceived competitive threats from Amazon... While we agree recently softer transport data suggests softer macro outcomes early in 2019 we think current valuation levels, especially in FedEx shares, more than compensates for potentially slower earnings outcomes...
Get lost
No shit ! And I’m a Wharton drop - out .
they just discovered this ?
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