Jeff Yastine has said in the past that mergers and acquisitions will be the big thing in 2018 and beyond. After he made that prediction, he was proven right. Boeing announced plans to merge with Embraer. Stockholders instantly got a 30% profit. Although it is not yet a done deal, you can see his point. More and more companies are thinking of buying out or merging with other companies.
Jeff Yastine believes that competitors of Amazon will merge in order to be able to compete with Amazon. Therefore, it is a good idea to buy stocks in these companies. When they do merge, then your stocks will go up and you will reap the rewards. Here are some Amazon competitors that you should invest in, according to Jeff Yastine.
The first competitor is eBay. eBay is probably Amazon’s largest competitor. It is an online platform where people can sell any product of their choosing. It has been around for a long time. There are many companies that may want to buy eBay. Google is one example. After all, if Google really wants to be a valid competitor to Amazon, they may want to get into this industry. In order to do that, they may buy off eBay.
Another company is The Kroger Company. It clearly has fears that it will not be able to compete with Amazon, which is why its stocks are down by 35%. However, it has a few thousand stores around the country. It has been very successful, which is why Whole Foods was not able to compete with Kroger, which is why Whole Foods agreed to be bought out by Amazon. Kroger also announced that they will be introducing innovative technologies into their stores. They do have a future.
Finally, there is W. W. Grainger. Grainger is not really a retail store like Kroger. They provide all sorts of products. They have a solid network and can be a good choice for a company that is looking to compete with Amazon.
Jeff Yastine says that 2018 will be the year of acquisitions. More and more companies have larger cash reserves, and most companies are saying that their cash reserves are going to be used for mergers and acquisitions.
Jeff Yastine is the editor of Total Wealth Insider at Banyan Hill Publishing.