Online retail powerhouse Amazon (NASDAQ:AMZN) has dominated the internet this week in the lead-up to Prime Day, its much-hyped online shopping extravaganza exclusively for Amazon Prime customers.
Amazon Prime Day is actually 30-hours worth of deals on thousands of items. Some of the biggest discounts are for Amazon products such as its popular Alexa, voice command-based Echo and Echo Dot devices as well as Kindles and Fire tablets.
The company often runs two different types of deals. Amazon’s regular discounts appear throughout Prime Day. The company’s Lightning Deals are only available at specific times for a certain number of products.
The deals are offered only for Amazon’s paid Prime members, which now total more than an estimated 80 million. Prime Day officially began at 9 p.m. ET Monday and ends 2:59 a.m. ET Wednesday (also read: Amazon Prime Day: An Illustrated Guide for Investors).
Now that we have recapped some of the basics, let’s get to the fun part. Today, news outlets, investors, and millions of people voiced their opinions, facts, and fun banter about Amazon’s summer sale on Twitter (NYSE:TWTR) , and Zacks has some of the best for you.
#AmazonPrimeDay is "weakening" Black Friday. https://t.co/85cVIZXxLg
— ProShip, Inc. (@ProShipInc) July 11, 2017
Here's how your #AmazonPrimeDay purchase gets to you, from checkout to doorstep https://t.co/bTSPcH8HMC
— WIRED (@WIRED) July 11, 2017
The best #AmazonPrimeDay tech deals of 2017, updated https://t.co/MewEnbSoIP pic.twitter.com/ayJVOF7MWf
— CNET (@CNET) July 11, 2017
#AmazonPrimeDay: Best strategies for scoring deals | @FoxNewsTech @AndreaSmith @iDannyOcean https://t.co/cwoU4rbp8N pic.twitter.com/4paERxwSZF
— Fox News Originals (@FoxNewsLive) July 11, 2017
Framed by $AMZN or rightfully charged? Here's @JimCramer's verdict https://t.co/fBdABadHAJ pic.twitter.com/lznIg5DvDj
— Mad Money On CNBC (@MadMoneyOnCNBC) July 11, 2017
MEMO TO AMAZON: @jimcramer needs wingtips on Prime Day Get more: https://t.co/0R4AtjG8fZ pic.twitter.com/tg099q4uBy
— Mad Money On CNBC (@MadMoneyOnCNBC) July 11, 2017
POLL: It's #AmazonPrimeDay AND #7ElevenDay #SlurpeeDay. Which one are you more excited about?
— Yahoo (NASDAQ:AABA) Finance (@YahooFinance) July 11, 2017
I thought my church's Amazon Prime Day service was beautiful, but then again I'm a sucker for carols about free shipping.
— Tim Siedell (@badbanana) July 11, 2017
My son's grandchildren will be able to pass this glue down to their grandkids. Thanks #AmazonPrimeDay pic.twitter.com/1KqVgORm7q
— Jeff Bakalar (@jeffbakalar) July 11, 2017
From an Amazon fulfillment center to your house, here’s a look behind the curtain at our diverse delivery network. #PrimeDay pic.twitter.com/S5O9qQH8Qk
— Amazon (@amazon) July 10, 2017
Bottom Line
Interestingly enough, shares of Amazon actually closed down slightly on Tuesday despite its much talked about day of deals.
But a one-day dip isn’t much too worry about for Amazon investors. The company has transformed itself into an international business superpower that seems set to conquer almost any sector it chooses, and Prime Day is a celebration of that fact (also read: Amazon (AMZN) Introducing Geek Squad Rival).
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple (NASDAQ:AAPL)'s 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Twitter, Inc. (TWTR): Free Stock Analysis Report
Original post
Zacks Investment Research