Please excuse my post title typo. I have no clue on how to fix it.
I am not someone who follows the stock market, let alone financial news in general. Therefore, I have very little knowledge and understanding to how the world of business regarding trade/sell, stocks, Wall Street work.
So this may be stupid question to ask because it could have a stupid simple answer. But as someone who has no knowledge or involvement in that part of the world, I can't help but be curious and ask.
In the last two weeks I have been constantly hearing about the Amazon-Whole Foods deal. And everything I have read said the day of the deal and overall in general since then has led to a crash for all other grocery related stocks such Walmart, Target, Costco, etc.
As someone who has no understanding of how the market works, is someone willing to explain how and why the other stocks such as Walmart, Target, and Costco crashed?
Like it is something as simple as investors leaving other grocery related businesses to invest in Amazon and Whole Foods after the deal? Shoppers flocking Whole Foods and Amazon suddenly? Or is it something much more complex?
I also ask, if it is an overly complicated answer, could you please make the answer as simplistic as possible to understand.
Submitted June 24, 2017 at 04:04PM by panda88panda http://ift.tt/2s8BC14
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