Editor’s Note: It’s the first day of the fourth quarter – meaning Q3 earnings season is coming up. Here’s how you can use volume to trade company reports for profits.
Amazon Prime Day, or should I say “days,” is set for October 13-14 – and if you’re like me (or my wife), you’re chomping at the bit.
For 48 hours, products will be offered at mind-blowing discounts. And suddenly, items that you’d never buy, like a portable French Press or a kneading Shiatsu Massager, become irresistible bargains.
Forget Black Friday and Cyber Monday. Amazon Prime Day dwarfs any bargain event the planet has ever seen.
Launched on July 15, 2015, the days of discounts have driven billions of short-term dollars into Amazon’s pockets and contributed to the online ecommerce giant’s meteoric rise. Last year alone, Prime Day sales hit an estimated $7.16 billion.
And just like anything that comes around once a year, there’s a pattern at stake – a profitable one, at that.