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A Short & Sweet Guide to Amazon Prime Day

On today’s episode of Shopping for Stocks Editor Maddy Johnson details Amazon AMZN Prime Day, the company’s online shopping extravaganza.

This year marks the third annual Prime Day for Amazon, and by now, the event has cemented itself as one of the biggest shopping days for the e-commerce giant. Last year, Prime Day led to the company’s biggest day ever, with customer orders surpassing Prime Day 2015 by over 60% worldwide and more than 50% in the U.S.

For 2017, the goal is to offer deals to “a record number of shoppers,” said Amazon Vice President Greg Greeley. That’s why sales started June 10 at 9 PM Eastern time and will stretch until 3 AM on July 12, turning Prime Day into Prime 30 hours.

Find out more here: 10 Things You Need to Know About Amazon Prime Day

Some of the best deals offered today include discounts on Alexa-enabled products, like the Echo, the Echo Dot, and the Amazon Tap. The Echo, for instance, is going for $89 today, or $90 off its original price. Amazon Fire tablets and Kindles are on sale today too.

Like anything Amazon does, Prime Day affected its peers in the retail industry. In particular, Macy’s M and Dick’s Sporting Goods DKS both closed down about 7% yesterday on anticipation for Prime Day.

Read more here: As Prime Day Looms, Shares of Macy’s and Dick’s Plummet

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Thanks for listening to this week’s episode of Shopping for Stocks!

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple'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 >>

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Dick's Sporting Goods Inc (DKS): Free Stock Analysis Report
Macy's Inc (M): Free Stock Analysis Report
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