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Wal-Mart (WMT) has applied for a U.S. patent for a warehouse in the sky, which could make deliveries to shoppers' homes by way of drones. It goes on to say: "In a modern retail environment, there is a need to improve the customer service and/or convenience for the customer. One aspect of customer service is the availability of products.
Ross owns more than 1,500 stores in 37 states under the banners "Ross Dress For Less" and "dd's DISCOUNTS," and it's opening more than 80 stores annually at a time when department stores are losing sales and shutting down hundreds of stores. "Their customers are of an older demographic who have been loyal for years and will not be easily taken over by Amazon," said Eric Ervin, CEO of Reality Shares, an ETF issuer and research firm whose funds own holdings in Ross Stores.
The dreaded Hindenburg Omen is back. Named for the German airship that met its demise in a fiery crash 80 years ago, the appearance of this technical pattern sometimes portends a stock-market crash. Even as the S&P 500 SPX, -0.09% and the Dow Jones Industrial Average DJIA, -0.20% rose Wednesday, there were more stocks hitting 52-week lows than 52-week highs on the New York Stock Exchange — something the market hasn’t seen since July 2015, according to Jason Goepfert, president of Sundial Capital Research, And this divergence has triggered a Hindenburg Omen on the S&P 500 for five out of the last six sessions. “It is a serious signal that highlights times of decoupling within an index or exchange.