3 Stocks That Amazon Can't Stop

There's no stock that makes the market shudder like Amazon.com (NASDAQ: AMZN). Every time the e-commerce giant enters a new sector, rival stocks plunge. We've seen this phenomenon three times in a little more than a month. First, food retail stocks plummeted when Amazon announced it would buy Whole Foods Market, and just last week, appliance retailers like Best Buy, Lowe's, and Home Depot all fell by several percentage points after Amazon partnered with Sears to sell Kenmore appliances on its website that are also connected to Alexa. Separately, Blue Apron sold off after Amazon trademarked a meal kit service.

While Amazon no doubt has substantial market power, there are at least a few stocks it hasn't been able to stop despite attempts to compete with them. Let's take a look at a three of them.

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Source: Fool.com