Amazon Shares Have Mysteriously Plunged 10%, and This Could Be Why

With Amazon.com, Inc. (AMZN) completing its $13.7 billion purchase of Whole Foods Markets (WFM) , the e-commerce juggernaut is officially entering the bricks-and-mortar grocery space. With other moves, though — like its teaming up with Sears Holdings (SHLD) to sell Kenmore products exclusively on Amazon — it’s clearly showing that Amazon is looking to dominate just about every aspect […]

Why Sysco is Sinking

…and why it might be a buying opportunity. Sysco (SYY)–the food company, not the tech giant–is slipping today after reporting earnings that only met the Street consensus. Sysco reported a profit of 72 cents a share, in line with analyst forecasts, on sales of $14.4 billion, narrowly beating estimates for $14.34 billion. Still, that wasn’t enough for […]

Sprint Stock Jumps on Report That Its Chairman Held Meetings With Warren Buffett and John Malone

Sprint Corp.’s (S) Chairman Masayoshi Son met separately with Berkshire Hathaway’s (BRK.A)  Warren Buffett and cable and media tycoon John Malone, possibly concerning an investment in the telecom company, according to the Wall Street Journal, sending the stock jumping 4.3% to $8.55 by Friday’s close. Though the details of the meeting have not been disclosed, […]

TOT Stock Crowded With Sellers

In trading on Friday, shares of Total SA (Symbol: TOT) entered into oversold territory, changing hands as low as $48.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to […]

Alibaba (BABA) Proves Again That it is “The Amazon of China”

Alibaba Group Holding Limited BABA is reportedly launching an Amazon AMZN like voice controlled speaker this week that is capable of taking orders in Chinese. According to media reports, Alibaba’s artificial intelligence research teams have been developing this device that will be launched exclusively in China and allow domestic customers to order from the company’s website. […]