Jim Cramer's got some thoughts on what Amazon investors should be doing with the stock now that the Prime Day sale is upon us.
Amazon's retail competitors will see a 79% revenue lift around Prime Day, according to a projection from Adobe Analytics.
Amazon appears primed to head higher, but traders and investors may have an opportunity to buy shares anywhere from 2% to 5% lower before the rise.
Citigroup CFO Mark Mason said on a conference call that its quarterly lending revenue would be about $50 million lower if the Fed cuts official U.S. interest rates by 0.25 percentage point.
Amazon is Real Money's Stock of the Day. The internet giant's fifth annual Prime Day event began this morning. Analysts estimate the two-day spending spree could generate more than $6.1 billion in total sales. TheStreet's Jacob Sonenshine breaks down what investors need to know.
A breakdown of the biggest buying days on the internet.
Last year Amazon reported adding the most Prime members in one day in its history during Prime day despite the company recently raising membership fees to $119 a year from $99.
AMZN buyers have been more aggressive since late December.
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