Shark Bites: Amazon-Whole Foods Deal Has Traders Shopping in Retail Sector

The Amazon (AMZN) acquisition of Whole Foods (WFM) added some interesting drama to what was looking like a slow day. The indices are still struggling but there were some good bounce trades in the retail sector as traders sorted out the winners and losers in the sector following the surprise news.

Traders in my chatroom focused on buying Costco (COST) and Walmart (WMT) , which are in niches that don't appear to be direct targets like other grocery chains. Most of the stocks in the sector have bounced and are trading near intraday highs....176 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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