How to Play Amazon Stock During the Prime Day Rush

After months of coronavirus-induced delay, Amazon's Prime Day - two days, really - is finally here. As we speak, the $1.7 trillion online juggernaut is hurling out deals left and right, and millions of shoppers are snapping them up just as soon as they come online. Prime Day was, and still is, a gambit to boost summer sales and ultimately AMZN prices during the slow dog days of summer. But just check out these numbers from Internet Retailer : For the 48-hour Prime Day period in 2019, Amazon sold more than 175 million products worth $7.16 billion - 68% of which came out of Amazon's own inventory, as opposed to others' "Marketplace" sales. Prime Day has gotten so big it's starting to "spill over" - other retailers are doing a brisk online business with deals of their own, making it kind of an Internet-wide shopping holiday. Now, investors have to be watching this and thinking, "Hmm... sounds good to me! Maybe I should throw some shares of AMZN in my 'shopping cart.'" On the surface of it, it does sound good, but not so fast: There's a right time and a right way to go about putting on or adding to an Amazon position. Here it is... Full Story Here it is... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to Play Amazon Stock During the Prime Day Rush appeared first on Money Morning - We Make Investing Profitable .
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