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Sears’ Kenmore-Amazon Deal Isn’t A Threat To Home Depot, Peers

Home Depot (HD), Lowe's (LOW), and Best Buy (BBY) all fell on news that Sears (SHLD) would sell Alexa-integrated Kenmore appliances directly through Amazon (AMZN), as investors worry that more appliance manufacturers will eventually begin to sell directly through Amazon and bypass brick and mortar retailers.

However, Jefferies' Daniel Binder thinks those worries are overblown. He reiterated a Buy rating on Home Depot, and writes that while the increased distribution for Kenmore is a...


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