Media reports say Amazon.com Inc.’s
big Prime Day shopping event will take place on Oct. 13, but the e-commerce giant hasn’t confirmed the date. Prime Day, which usually takes place over the summer, has been delayed due to the coronavirus pandemic. The event has taken place over two days in the past. CNET sources didn’t specify how long Prime Day will be this year, though Amazon has said it will be in the fourth quarter. Amazon stock has rallied more than 69% for the year to date while the S&P 500 index
is up 2.6% for the period.
Citi Research analyst Jim Suva upped his price target on Apple Inc. shares undefined to $125.00 from $112.25 in a Tuesday note to clients as he increased his projections for the company’s wearables business. He’s upbeat about Apple’s potential in wearables given “continued demand strength in consumer spending on technology gadgets, especially those that enable improved productivity (work from home) and improved ability to track one’s health/fitness.” Suva also expects that the company will be able to generate momentum with a new family-setup options that allows people to manage Apple Watch devices for their children or older relatives even if those family members don’t have their own iPhones. “Apple continues to make inroads into health care devices market which we view as a positive move for attracting and engaging their users to their products, given the importance of such features by individuals,” Suva continued. He maintained a buy rating on Apple’s stock, which is near flat in Tuesday’s session. Shares have added 20% over the past three months as the Dow Jones Industrial Average undefined has risen about 4%.
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice.
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World news – US – Reports say Amazon Prime Day will take place on Oct. 13 though the e-commerce giant hasn’t confirmed