economy
January 27, 2026
What Amazon's move to close its Go and Fresh stores means for investors (and Costco)
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Markets are higher, with the S&P 500 hitting a new all-time intraday high.
- Market leadership is centered around technology stocks and the Magnificent Seven.
- Corporate earnings reports will be a major focus for investors in the coming days.
- Amazon is shutting down its GO and Fresh physical stores and converting locations to Whole Foods Market.
- Amazon plans to open over 100 new Whole Foods stores in the next few years.
- Amazon's Whole Foods expansion may increase competition for Costco.
- Upcoming earnings reports include Texas Instruments, Seagate Technology, Nextpower, PPG Industries, Danaher, Corning, GE Vernova, Starbucks, AT&T, ASML Holdings, Amphenol, VF Corp, Brinker International, Otis Worldwide, and General Dynamics.
- The Federal Reserve is expected to leave interest rates unchanged at its upcoming meeting.
- CNBC Investing Club provides trade alerts to subscribers, with specific waiting periods before executing trades.
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