Today’s Research Reports on Stocks to Watch: Amazon and Sears Holdings

NEW YORK, NY / ACCESSWIRE / May 30, 2018 / Amazon and Sears Holdings both saw their shares move modestly in Tuesday trading. Sears Holdings dipped a little over 1% on no particular company news besides the company’s CEO saying his hedge fund has received interest from “potential partners” in regards to the fund wanting to buy some of Sears assets. Amazon has been requested by the FCC to stop selling fake pay TV boxes on its website.

RDI Initiates Coverage on:

Amazon.com, Inc.
https://www.rdinvesting.com/report/?ticker=AMZN

Sears Holdings Corporation
https://www.rdinvesting.com/report/?ticker=SHLD

Amazon.com, Inc. shares closed up a modest 0.17% yesterday on about 3.5 million shares traded. The e-commerce giant was asked last Friday by the Federal Communications Commission to stop selling fake pay TV boxes on its platform. A letter was sent to CEO Jeff Bezos which said that the boxes often falsely bear the FCC logo and are used to perpetuate “intellectual property theft and consumer fraud.” The letter had said that Amazon prevented “tens of thousands of unlawful devices” through the company’s “automated proactive detection, preventative investigations, and notices of infringement from rights holders.” FCC Commissioner Mike O’Rielly said, “Unfortunately, despite your good work in this area, devices continue to make it to consumers through your website. Many of these devices contain harmful malware that will most certainly be passed on to the consumer. Moreover, the consumer may unwittingly believe that the device is lawful since they were able to purchase it from a legitimate company.”

Access RDI’s Amazon.com, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=AMZN

Sears Holdings Corporation shares closed down 1.43% on Tuesday on nearly 1 million shares traded. The struggling retailer didn’t have any particular news but the company’s CEO, Eddie Lampert, who is looking to buy some of Sears’ assets with his hedge fund ESL Investments, revealed that the fund has received “numerous inbound inquiries from potential partners.” It was in April that ESL Investments made an offer to buy some of Sears assets including Kenmore. According to ESL, Sears’ Home Improvement and PartsDirect businesses together is valued at $500 million. The fund would pay for them in cash. Yesterday Lampert said, “[I]n the month since our original letter, there has been a significant increase in the market price of Sears’ unsecured debt that could make the contemplated exchange of debt for equity and debt repurchases less attractive and more difficult to effect and that, even if such exchanges and repurchases are effected, would reduce the impact of the contemplated recapitalization.” He also said, “Speed and certainty here are critical.”

Access RDI’s Sears Holdings Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=SHLD

Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and Sears Holdings Corporation (NASDAQ: SHLD) can be downloaded free of charge at Research Driven Investing.

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