Look into consumer cyclical stocks, housing stocks: Strategist
Cornerstone Macro chief investment strategist Michael Kantrowitz on inflation, the latest employment numbers, consumer spending, economic growth and the markets.
Amazon's highly anticipated two-day shopping bonanza for Prime members is back this summer and it's getting a new date yet again.
"We are excited to announce that we will hold the two-day savings event during the second quarter," Amazon Chief Financial Officer Brian Olsavsky said during the company's earnings call on Thursday.
Although Olsavsky declined to give an exact date, he noted it will likely fall toward the latter end of the quarter which would indicate a June date while promising to share more details soon.
Bumping up the date is likely to help the world's largest retailer.
"There are a number of factors, the Olympics, which are still out there this year. In fact, in some — many areas, July is a big vacation month," he said. "So, it might be better to have — for customers, sellers and vendors to experiment with a different time period" Olsavsky noted.
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Representatives for Amazon did not immediately respond to FOX Business' request for comment to confirm the exact date.
AMAZON MAY BUMP UP PRIME DAY DATE: REPORT