Wal-Mart is spending $3.3 billion to buy a failed website that loses a ton of money? Jet.com’s business strategy is to spend $20 dollars to make $10 dollars – not sure that scales? I think we can ring the bell right now for a market top!
- CNN – Walmart buying Jet.com for $3.3 billion to take on Amazon
- Wired – Walmart’s $3 Billion Jet.com Buy Still Leaves It Way Behind
Morningstar has a nice Video Report worth watching this morning:
- Morningstar – Asset Allocation Tips for a Lofty Market
Also, I found a great article about Gilead Sciences – the only stock I am recommending as a new purchase right now:
Finally, John Oliver has fun with the Olympics Opening Ceremony:
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