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What Investors Are Missing About the Amazon, Sears Deal

Shares of Sears (SHLD) shot up last Thursday after Amazon (AMZN) seemed to be swooping in to save the struggling retailer with a deal to sell Sears' Kenmore appliances on its platform. But Sears stock declined by more than 5% on Monday.

That's probably because the new agreement isn't about about Amazon saving Sears; it's about Amazon proving it can enter the appliances industry and expand its distribution abilities, according to Brittain Ladd, who left Amazon in May after working there for two years, first as the senior manager...