If Amazon Prime Day comes back in the fall, it could be a sales win for Amazon: analyst

Yahoo Finance2021-06-21

If Amazon (AMZN) pulls the trigger on a second Prime Day in the fall, it could haul in some major sales for the tech beast. Jefferies analyst Brent Thill estimated in a new research note Monday that ...

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Comments

Pucca
2021-06-22
Pucca
Nice
Angyuxian
2021-06-22
Angyuxian
Yay Prime Day!
Na8
2021-06-22
Na8
Good
TCJ1
2021-06-21
TCJ1
Nice
tradertrial
2021-06-21
tradertrial
Nice!
DreamerAnt
2021-06-21
DreamerAnt
sales

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We also see attractive growth at AWS and advertising, Amazon's two highest margin businesses, serving to more than offset any near-term slowdown in core retail resulting from difficult comparisons,\" Thill says.\nA strong Prime Day this month would go a long way to reigniting Amazon's stock.\nAmazon shares are up 7.1% year-to-date, underperforming the Nasdaq Composite's 9% gain. Pros have suggested the stock is being pressured a bit ahead of founder and CEO Jeff Bezos stepping down as the tech giant's leader on July 5.\nTaking his place will be long-time right hand man Andy Jassy, currently CEO of Amazon Web Services. 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