Amazon is offering early deals to boost sales for its upcoming Prime Day event

From Nasdaq.: 2024-06-26 10:51:00

Amazon is preparing for its 10th Prime Day event on Jul 16, with early deals on Amazon devices, products from popular and small businesses, and services like Amazon Music Unlimited. Deals are also available from diverse-owned businesses. Prime Day will take place in multiple countries, boosting Amazon’s financial performance.

Amazon’s Prime program continues to drive the company’s success, with Prime Day being a crucial event for Amazon’s profits. Early deals offered ahead of Prime Day are expected to increase sales and drive customer momentum, in turn boosting subscription revenues. Analysts project strong revenue and earnings growth for Amazon in the coming years.

Shares of Amazon have outperformed the industry this year, up 22.7%. Key factors like delivery services, expanded content, and loyalty programs contribute to Prime’s success. While Amazon is a solid hold, better-ranked stocks in the retail sector include Walmart, Burlington Stores, and DICK’S Sporting Goods, each with a Zacks Rank #2 (Buy).



Read more at Nasdaq.: Amazon (AMZN) Unveils Early Deals to Boost Prime Day Efforts