There is a stunning development of epic proportions in the business world.
Amazon.com AMZN, is buying Whole Foods Market WFM. The stock market’s reaction is uniformly positive for Amazon. But investors are missing something. In my 30 years-plus in the markets, I have made good calls by looking further ahead when the crowd turns uber-bullish on a trend happening in the here and now. I have a thesis on Amazon, but first let’s start by extracting some profits from the market on this news.
Please click here to see the annotated chart of a trade on United Natural Foods UNFI, given to the subscribers of The Arora Report. Subscribers have been given four additional trades on Kroger KR, Whole Foods, Target TGT, and Sprouts Farmers Market SFM. All of these trades are still in play.
Here is our signal to buy United Natural Foods
From what subscribers received: “Amazon buying Whole Foods is sending shock waves through the grocery industry and among grocery distributors. The company that’s most affected is United Natural Foods, which is the primary distributor for Whole Foods. United Natural Foods’ contract with Whole Foods extends to 2025. It appears that Amazon will have to honor this contract. Consider buying 15% UNFI right here at $30.51. The stock is volatile. If it is more than $31.16, consider not buying it. The buy zone is $29 to $31.16. The target zone is $34.40 to $37.73. The stop zone is $28.31 to $28.68. The maximum quantity is 25% of the full core position size. This is suitable for super-aggressive investors. This is a short-term trade, not an investment.”…Read more at MarketWatch
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