Investment Guru Jeff Yastine Lists 3 Amazon Competitors Worth Investing In
Jeff Yastine, the Editorial Director for Banyan Hill Publishing and a renowned expert in finance and investing, recently published an article detailing three Amazon competitors that are worth investing in. Yastine prefaces this by explaining that he expects mergers and acquisitions (M&A) in the retail sector to increase. One major cause for retail M&As, he argues, will be the desire to compete in a sector that Amazon has dominated.
Yastine lists eBay as the first investment-worthy Amazon competitor because he believes the company is a likely target for a merger or acquisition. He argues that Google is the most likely buyer, because Google is in need of retail power to compete with Amazon. eBay has an established network of warehouses that Yastine believes would be crucial in helping Google compete with Amazon’s distributive power.
The next competitor he mentions is a lesser-known company: Kroger Corporation. Kroger owns a grocery store chain that many have predicted will take a hit now that Amazon has acquired Whole Foods, but Yastine believes that investors’ fears are largely unfounded. Kroger has more than 3,000 stores in the U.S., and Yastine argues that Kroger’s marketing tactics for organic food items were one of the primary factors motivating Amazon to purchase Whole Foods. Kroger also recently announced a new, cashier-less checkout technology that will reduce the company’s need for manpower and likely lead to increased profits. Read more about Jeff Yastine at Bloomberg
The final company that Mr. Yastine mentions is Grainger, a distributor of industrial cleaning, office and storage supplies. Like eBay, Grainger has a solidified network of warehouses that Yastine believes will make it a target for acquisition by companies looking to compete with Amazon in the retail sector. Grainger is also a wise investment option because its stocks dropped significantly over fears of Amazon dominating multiple sectors.
Jeff Yastine has over two decades of experience in stock market investing and financial journalism. From 1994 through 2010, he was a Financial Correspondent Anchor for PBS’ Nightly Business Report, and he has also consulted for a variety of successful businesspeople and entrepreneurs. In 2007, he was nominated for an Emmy in Business and Financial Reporting for his detailed investigation into problems with American infrastructural components such as roadways, bridges and dams. Jeff Yastine currently serves as the Editorial Director for Banyan Hill Publishing, and he is also the editor of Total Wealth Insider and a regular contributor to Banyan’s Sovereign Investor Daily and Winning Investor Daily features. Learn more:https://www.stockgumshoe.com/tag/jeff-yastine/