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WFM

Bought by AMZN

$43.22

0.54 (1.27%)

, AMZN

Amazon.com

$995.17

7.46 (0.76%)

18:47
06/19/17
06/19
18:47
06/19/17
18:47

Whole Foods CEO on meeting with Amazon: 'Love at first sight'

In a regulatory filing Monday, Whole Foods (WFM) published a transcript of a June 16 town hall meeting, offering new details on how the company's acquisition by Amazon (AMZN) emerged. According to the transcript, CEO John Mackey stated during the town hall: "How did we meet? It was actually mutual friends set us up on a blind date. Jason Buechel and Ken Meyer and David Lannon and I flew up to Seattle a little over six weeks ago. And we just fell in love. It was truly love at first sight... We talked for 2.5 hours. I think we could have talked for 10 hours. When we huddled together, it was like we just had these big grins on our faces, like, 'These guys are amazing. They're so smart. They're so authentic. They say what's on their mind. They're not playing a bunch of BS games.' And it was like, 'This is gonna be so incredible.' Because we were talking about the things we can do together, things that I cannot talk about today and won't be able to talk about until this deal closes... This is kind of the dream come true. And I will tell you something. About a year and a half ago, I dreamed that we merged with Amazon. I woke up, and I told my wife about it."

WFM

Bought by AMZN

$43.22

0.54 (1.27%)

AMZN

Amazon.com

$995.17

7.46 (0.76%)

WFM Bought by AMZN
$43.22

0.54 (1.27%)

06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Wal-Mart, Costco could be hurt by Whole Foods deal, says RBC Capital
RBC Capital analyst Scot Ciccarelli warns that Wal-Mart (WMT) and Costco (COST) could be hurt by the Whole Foods deal. The analyst says that "combining Whole Foods' high-end reputation with a logistics juggernaut like Amazon is clearly a danger" to Costco and Walmart. He thinks that Whole Foods could extend the hours in which it allows customers to buy products online and pick them up in stores, and he thinks that food delivery could become much more popular in the wake of the deal. He notes that Wal-Mart has spent a great deal of time and money on "improving its fresh and omni-channel offerings." The analyst says that Costco will be more protected due to what he sees as its "differentiated retail experience."
06/19/17
PIVT
06/19/17
UPGRADE
Target $42
PIVT
Hold
Whole Foods upgraded to Hold from Sell at Pivotal Research
06/19/17
KEYB
06/19/17
NO CHANGE
KEYB
Wal-Mart outlook still positive after Whole Foods deal, says KeyBanc
KeyBanc says that Wal-Mart (WMT) stock should be bought in the wake of the Whole Foods (WFM) deal, as the firm remains confident in Wal-Mart's ability to achieve 5%-9% earnings growth in fiscal 2018. The analyst says that the market shares of both Amazon and Wal-Mart have room to grow, and it believes that Amazon will continue to skew towards upper class Americans in the wake of the Whole Foods deal. The firm keeps a $90 price target and an Outperform rating on Wal-Mart.
06/19/17
PIVT
06/19/17
NO CHANGE
Target $32
PIVT
Sell
Amazon could renegotiate or terminate United Natural contract, says Pivotal
Pivotal Research analyst Ajay Jain said regardless of the change of control provisions under United Natural Foods' (UNFI) contract with Whole Foods (WFM), there is no way to characterize the acquisition by Amazon (AMZN) as a non-event. Based on Albertson's United Foods contract cancellation in 2015, the analyst believes it will not be difficult for Amazon to renegotiate or terminate the United Natural Foods contract, if it so pleases. Jain said Whole Foods has more leverage over United Natural and the ability to demand further pricing concessions and will have more control over the supply chain through Amazon, making it unlikely the current agreement is truly binding. Jain rates United Natural Foods a Sell with a $32 price target.
AMZN Amazon.com
$995.17

7.46 (0.76%)

06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Amazon.com logistics to get boost from Whole Foods deal, says RBC Capital
RBC Capital analyst Mark Mahaney says that the acquisition of Whole Foods (WFM) will provide Amazon (AMZN) with "shipping-to-home logistics" opportunities and " a way to increase the utilization of its delivery capacity."
06/19/17
RBCM
06/19/17
NO CHANGE
RBCM
Food retailers, distributors weakness overdone, says RBC Capital
RBC Capital analyst Bill Kirk says that the weakness in food retailers and distributors in reaction to Amazon's (AMZN) acquisition of Whole Foods (WFM) was overdone. The analyst says he doesn't expect Amazon to "drastically change" the prices in Whole Foods' physical stores. Instead, he expects it to exploit the company's brand through Prime and its "high-population density real estate." Other food retailers include Sprouts Farmers Market (SFM) and Kroger (KR), while Smart & Final Stores (SFS) and Supervalu (SVU) are food distributors.

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FSLR

First Solar

$48.86

0.32 (0.66%)

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FSLR

First Solar

$48.86

0.32 (0.66%)

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AA

Alcoa

$47.30

1.1 (2.38%)

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GM

General Motors

$38.99

0.29 (0.75%)

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GM and striking workers union Unifor in informal talks, Automotive News says »

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ADP

ADP

$107.48

0.93 (0.87%)

12:21
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Ackman says ADP CEO's stake lot more levered than Pershing's »

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ADP

ADP

$107.48

0.93 (0.87%)

12:20
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CSIQ

Canadian Solar

$16.71

-0.09 (-0.54%)

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Options
Aggressive put buying in Canadian Solar »

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ADP

ADP

$107.48

0.93 (0.87%)

12:18
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ADP board has no shareholder orientation, Ackman says »

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$NSD

NASDAQ Market Internals

12:17
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Technical Analysis
NASDAQ market internals summary »

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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

, DLPH

Delphi

$100.97

0.07 (0.07%)

12:16
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Periodicals
Delphi picks BlackBerry's QNX OS for self-driving platform, CNet reports »

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BBRY

BlackBerry

$9.14

-0.12 (-1.30%)

DLPH

Delphi

$100.97

0.07 (0.07%)

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  • 28

    Sep

$NYE

NYSE Market Internals

12:16
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Technical Analysis
NYSE market internals summary »

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ADP

ADP

$107.48

0.93 (0.87%)

12:15
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Ackman says can work with ADP CEO after 'spoiled brat' comment »

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12:15
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FOMC balance sheet »

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ADP

ADP

$107.48

0.93 (0.87%)

12:14
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Hot Stocks
Ackman says ADP margin opportunity closer to 1,200 basis points »

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CMG

Chipotle

$309.39

5.98 (1.97%)

12:12
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Ackman says Chipotle management doing 'all the right things' »

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ADP

ADP

$107.48

0.93 (0.87%)

12:11
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ADP does not want shares held by Pershing supporters, Ackman says »

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GOOG

Alphabet

$921.81

6.81 (0.74%)

, GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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Periodicals
Google nears deal to buy assets from HTC, Bloomberg reports »

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GOOG

Alphabet

$921.81

6.81 (0.74%)

GOOGL

Alphabet Class A

$936.86

7.11 (0.76%)

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  • 22

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HMNY

Helios and Matheson

$5.70

2.22 (63.79%)

12:10
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Periodicals
Helios and Matheson mentioned cautiously by TheStreetSweeper 

Reference Link

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ADP

ADP

$107.48

0.93 (0.87%)

, PAYX

Paychex

$58.07

-0.01 (-0.02%)

12:09
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Ackman says 80% of ADP's issue is margins not at Paychex level »

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ADP

ADP

$107.48

0.93 (0.87%)

PAYX

Paychex

$58.07

-0.01 (-0.02%)

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  • 30

    Oct

ADP

ADP

$107.48

0.93 (0.87%)

12:08
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ADP

ADP

$107.48

0.93 (0.87%)

12:06
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Hot Stocks
Ackman says ADP overstates total shareholder returns under CEO »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

, ESLOY

Essilor

$63.35

-0.06 (-0.09%)

12:06
09/20/17
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12:06
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12:06
Downgrade
Luxottica, Essilor rating change  »

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LUXTY

Luxottica

$57.52

0.06 (0.10%)

ESLOY

Essilor

$63.35

-0.06 (-0.09%)

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PSEC

Prospect Capital

$6.72

0.07 (1.05%)

12:05
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12:05
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Options
Prospect Capital call volume above normal and directionally bullish »

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ADP

ADP

$107.48

0.93 (0.87%)

12:01
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Hot Stocks
Bill Ackman says ADP has 'massively underperformed potential' »

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