Market Wrap - Stock pick — Amazon
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Caroline Cremen from Adviceworx chose Amazon as her stock pick of the day.
"It's a bit odd because Amazon is one of the fangs that is trading almost at an all-time high, however it had to delay its prime day by a few months because it's now announced the date for prime to be the 14th and 15th of October and that is probably going to be extended almost to Black Friday and beyond. Amazon have been a real beneficiary of the e-commerce tailwinds and this is probably going to be one of their best prime days ever. So, as a short-term trading opportunity, bearing in mind what's happening in the tech stocks keep an eye on that."
"It's a bit odd because Amazon is one of the fangs that is trading almost at an all-time high, however it had to delay its prime day by a few months because it's now announced the date for prime to be the 14th and 15th of October and that is probably going to be extended almost to Black Friday and beyond. Amazon have been a real beneficiary of the e-commerce tailwinds and this is probably going to be one of their best prime days ever. So, as a short-term trading opportunity, bearing in mind what's happening in the tech stocks keep an eye on that."
