The same is true for Sears, Kenmore, Guardsman Radials, Tuffskin Jeans, and even Craftsman tools - they all stand for mediocrity these days. The trendy folks with $50 light switches and drone-delivered kale are not going to invite their yuppie friends over and say, "Want to see our new laundry room - we bought Kenmore!" It is akin to buying an Edsel. You'll just get laughed at, and people who buy trendy crap like smart appliances don't want to look foolish. The rest of us buy the cheaper machine and don't make a point of showing off our laundry rooms - and we don't buy Kenmore, we buy for cheap at Lowes or Home Depot.
Meanwhile, poor dumb old Lowes has a P/E ratio of 22. Really, which is the better buy, Amazon or Lowes? Did I mention Lowes pays a dividend of 2.2% while Amazon pays nothing?
I went to look for a wire rack shelf at Lowes, but they didn't have the exact "Homz Maxi Organizer" that was installed in our Casita. Amazon had it - for $13. Another online store had a package of six for $18. That is the real threat to Amazon, other smaller online niche retailers and the use of Google to find them.
UPDATE: Lowes stock is back up 4% which makes a nice gain for the week. It has nearly recovered all the loss it had due to Amazon panic - within a few days. $13 Billion in "Market Cap" was not wiped away, no matter what the financial press says.
I suppose a clever trader could make a lot of money by trading based on these "panic" reports. In fact, I think they do - and they get friends of theirs to generate the panic, so they can short and long stocks, accordingly.
Trading stocks based on emotions is always a bad idea.