Is Amazon a Buy Before Prime Day?
Amazon's (NASDAQ: AMZN) big day is right around the corner. I'm talking about Prime Day, the two-day shopping event that generates billions of dollars in revenue -- and brings in new subscribers to Amazon's Prime service. Amazon holds the event this year on July 12 and 13.
The event may be particularly important for Amazon right now. That's because, if it's successful, it could help Amazon emerge from a difficult first half. Rising inflation and supply chain issues hurt first-quarter earnings. And the stock has dropped 30% so far this year. Now the question is: Should you buy shares of this e-commerce giant before its big moment?
First, a bit of background on Amazon's current situation. The company has brought in billions of dollars in revenue and profit over the past few years. And share performance has followed. Over the past five years, for example, Amazon stock advanced more than 130%.
Source Fool.com
