Reuters TV: Amazon Prime grows but that won’t hurt Home Depot

/, INDS, Real Estate/Reuters TV: Amazon Prime grows but that won’t hurt Home Depot
  • Prologis (PLD) is a constituent of the INDS Index
  • Prologis (PLD) which just beat earnings and raised guidance. The company is a critical part of the backbone of eCommerce logistics.
  • Amazon has 100 million Prime Members
  • HD has proven to thrive in the eCommerce economy and survived every threat from the Amazon effect.

You can’t buy 2 x 4s at Amazon on your Amazon Prime account, so Home Depot deserves its higher multiples, Benchmark Investments’ CEO tells Reuters’ Fred Katayama. He’s bullish on HD and real estate logistics firm, Prologis.

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Amazon Prime grows but that won’t hurt Home Depot, says Kevin Kelly