Fresh off its acquisition of self-driving startup company Zoox, Amazon.com, Inc. (NASDAQ: AMZN) should follow up with buying retailer Macy's Inc (NYSE: M), according to Lincoln International Managing Director Dominic Rispoli.What Happened: Amazon needs to accelerate its brick-and-mortar penetration and Macy's represents an "excellent opportunity" for Amazon to do so, Rispoli said on CNBC. The physical retail space is still a "massive category" and if there is one thing Amazon loves, it's exactly that.Amazon can also gain new exposure to sell footwear and apparel brands that usually don't sell well on its platform, he said.Perhaps most important, Macy's still operates a $5 billion e-commerce business and this would be a "very easy plug-and-play" for Amazon to showcase.Rispoli is an M&A banker that covers the retail space and his thesis is not based on any market rumor or chatter.Why It's Important: Global brands like Nike Inc (NYSE: NKE) are able to control...
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]...
A Twitter user has spotted the Tesla Semi carrying Tesla Model 3s and Model Ys for either testing purposes or transporting them to deliver to customers.What Happened: Tesla's semi was originally supposed to enter production in 2019, but has since been delayed.The Tesla Semi was stopped at a Supercharger, charging its battery.Elon Musk recently confirmed a leaked email stating that "it's time to go all out and bring the Tesla Semi to volume production."Why It Matters: Tesla is poised to ramp up Semi production as competitors like Nikola Motors (NASDAQ: NKLA) enter electric semi production.Over 251,000 Class 8 trucks were sold in 2018 alone, according to Statista.If Tesla could take 1% of this market from diesel truck manufacturers, it stands to make up to $811 million in additional revenue per year.What's Next: Tesla's semi comes standard with the Autopilot driver assist feature. It can carry a full load up inclines faster...
