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The Zacks Analyst Blog Highlights: Amazon, Walmart, Target, Alphabet and Microsoft

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For Immediate Release

Chicago, IL –April 5, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Amazon (AMZN - Free Report) , Walmart (WMT - Free Report) , Target (TGT - Free Report) , Alphabet (GOOGL - Free Report) and Microsoft (MSFT - Free Report)

Here are highlights from Thursday’s Analyst Blog:

Retail-Tech Partnerships Gain Steam: Should Amazon Worry?

Amazonis going all out to bolster its presence in the grocery retail market. The company’s endeavors are supported by its distribution strength, the acquisition of Whole Foods and the establishment of its cashier-less store, Amazon Go.

Further, its strengthening grocery pickup and delivery services along with availability of Prime Savings at all Whole Foods Stores and Whole Foods Market 365 stores nationwide is a key catalyst for the company.

However, Amazon recently slashed prices at Whole Foods that shows the cutthroat competition this Zacks Rank #2 (Buy) company is facing from big retailers like Walmart and Target, to name a couple.

These retailers are flexing their muscles against Amazon with support from tech giants like Alphabet and Microsoft. Further, they are ramping up their initiatives to strengthen their grocery services.

Walmart-Google Partnership Poses a Challenge for Amazon

Like Amazon, which offers the comfort of grocery shopping with voice commands using its Alexa, Walmart has introduced Walmart Voice Order that allows customers to place their grocery orders just by saying “Hey Google, talk to Walmart” using Google Assistant.

With the availability of Google’s voice assistant on several devices including Android phones, iPhones, smartwatches and Google Home Hub to name a few, Walmart’s customer base is likely to increase. Users will be able to do grocery shopping from anywhere.

Additionally, Walmart, which has a Zacks Rank #3 (Hold), also enables customers to shop for products listed on Google Express through voice commands.

Target, Kroger Also in the Fray

Another retail giant, Target partnered with Google to allow its customers enjoy voice shopping on Google Express in the United States. Further, there is a possibility of integration of Target’s REDcard, a payment card, into Google’s shopping platform. This will help the Zacks Rank #2 stock to deliver an enhanced shopping experience. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Apart from the voice shopping initiatives by Walmart and Target, Kroger, which carries a Zacks Rank #3, recently joined forces with Microsoft to take on Amazon's cashierless concept. Kroger will leverage Microsoft Azure that serves as the most preferred cloud platform for Retail as a Service (RaaS).

Kroger is gearing up to establish two connected grocery stores with a new feature called EDGE Shelf (Enhanced Display for Grocery Environment) – digital shelf displays with real-time prices, promotions, nutrition and dietary information at two locations – Monroe, OH and Redmond, WA. Store specific data will be stored and processed on Microsoft Azure.

Nevertheless, Amazon is likely to dominate at least in the near term owing to its rapidly increasing number of Amazon Go stores across the United States and focus on introducing cashierless technology in other countries as well.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.



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