Article By:
Sam Subramanian
Wednesday, October 27, 2021 3:00 AM EST
S&P 500 equities continued to post robust 3rd quarter earnings reports, staying on track to grow EPS by 32.7% year-over-year. Over 84% of those reporting topped analysts’ forecasts. The damage from a few that disappointed was reasonably confined.
In this article: AAP, ABT, HPQ, PNC, FSHCX, POOL, SIVB, TSLA, IAT, IHF, SLV, SPY, XLB, XLP, XLV, CDW, ANTM, ETSY, XLRE, KWEB, XLC, SRVR, BITO
Will Small Auto Part Stores Survive Amazon?
I wouldn't be too worried. Yes, Amazon may be able to sell the parts for less, but $AAP $AZO $ORLY can still have a competative edge for knowledge and will be able to charge a premium for that. Many aspiring DIY'ers lack the expertise to do it on there own and will need hte guidence from better trained staff. I guarantee that Amazon's customer support chat from India will not be able to lead Americans through a repair.
Will Small Auto Part Stores Survive Amazon?
With the exception of the cell phone, #Amazon has conquered every industry they've gotten into. I see no reason why it can't do that here as it already has tremendous related expertise and everything in place to outsell the existing leaders. $AAP, $AZO, $ORLY may very well follow in the footsteps of ToysRus. I'm very bullish on $AMZN.