Amazon.com Inc (NASDAQ:AMZN)'s upcoming Prime Day sale event could drive more than $21 billion in sales, according to Bank of America analysts. This is driven by Amazon’s decision to extend the sale to 96 hours, double last year’s duration, starting July 8. This would represent an almost 60% increase compared to last year's Prime Day results and would account for more than 10% of Amazon's anticipated gross merchandise volume for the third quarter. Specifically, they project first-party sales will rise by 55% year over year to reach $11.5 billion, while third-party sales could increase by 67% to $10 billion. "By extending the duration of savings, it indicates that Amazon possesses enhanced retail logistics capabilities to provide promotions, and that inventory levels are not a limiting factor," the analysts wrote in a research note,” they wrote. The analysts added that a longer Prime Day could pressure profit margins if shoppers focus on low-margin products or if aggressive promotions cut into earnings.
Amazon has been quietly stacking the bricks of its robotics empire for years. Sentiment is only just building that "robotics will be the new AI," and Amazon is way ahead. Regulatory decisions in the medium and long term are likely to constrain Amazon's robotics returns, but these risks are not unique and are surmountable with patience and capital discipline. Amazon's valuation is slightly high right now, but it's still a strong investment, due to expanding earnings growth rates and a strong macroeconomic backdrop.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this AMZN commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
The prices of beer, outdoor folding chairs and grilling tools may be more expensive at Fourth of July barbeques this year, according to a congressional report. The total cost of a typical grocery trip for a cookout has increased by a 12.7% annualized rate since President Donald Trump's sweeping tariff announcement in April, according to the analysis.
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Amazon.com Inc (NASDAQ:AMZN)'s upcoming Prime Day sale event could drive more than $21 billion in sales, according to Bank of America analysts. This is driven by Amazon's decision to extend the sale to 96 hours, double last year's duration, starting July 8.
Amazon is sunsetting its standalone Freevee app next month. The company has consolidated its content offerings under Prime Video, which introduced ads in January 2024.
Amazon plans to shut down its standalone Freevee app in August, according to an in-app notice to users. The free, ad-supported streaming service is directing viewers to continue watching Freevee content on Prime Video.
Amazon is formally integrating Leadership Principles into employee evaluations for the first time. The new system uses a three-tiered approach to assess employee adherence to the company's values.
Summary: "Founders in Focus: Stories from 14 Entrepreneurs Who Built It Their Way," the debut anthology by Avazona Ltd., has officially hit #1 on Amazon in multiple categories.
Amazon (AMZN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Amazon (NASDAQ: AMZN), via AWS, is developing a high-performance AI chip that could rival Nvidia's (NASDAQ: NVDA) top-tier offerings, signaling a potential turning point in the market's competitive landscape.