Amazon (AMZN) is in the spotlight today after the Growth Seeker holding launched its second annual Prime Day sale. Last year, online customers ordered an average of 398 items per second during the sale. MKM Partners' estimates suggest that Amazon raked in between $375 million and $400 million during the promotion. And the estimated take from last year's Prime Day surpassed Amazon's national post-Thanksgiving Black Friday sales day in 2015, according to the notoriously secretive company.
This year, MKM expects Amazon to double that amount as the company hopefully worked out some of the kinks that caused consumers to vocalize disappointments about the sale on social media last year.
"July 12 is the company's second annual Prime Day, which will reportedly feature "more than 100,000 deals worldwide exclusively for Prime members." While the event could serve to mostly increase Prime subscriptions, we see it more as more proof of the ever-expanding array of products carried under the Prime banner," Growth Seeker co-managers Chris Versace and Lenore Hawkins wrote in an alert Monday. "Last year during its inaugural Prime Day, Amazon saw a 93% boost to its domestic sales and a 53% increase in European sales, according to Channel Advisor."
Action Alerts PLUS holding WhiteWave Foods (WWAV) was down slightly Tuesday afternoon after the company was downgraded to Neutral from Buy by analysts at SunTrust. This follows a series of downgrades from other firms such as J.P. Morgan and Credit Suisse -- to Neutral from Overweight.
Though they are currently restricted from doing so, AAP co-managers Jim Cramer and Jack Mohr said that they would use the stock's recent increase following the announced acquisition deal with Danone (DANOY) as an opportunity to exit AAP's position in the food-maker.
"The company has agreed to be acquired by Danone at a 25% premium to the stock's 30-day average price and 30% above our cost basis. We do not want to get too greedy and encourage members to ring the register for a sizable profit," Cramer and Mohr said.
Finally, with the success of its Finding Dory film, Trifecta Stocks holding Disney (DIS) was able to surpass the $5 billion mark at the global box office faster than any studio in history. The company has been able to generate $2 billion in sales domestically and another $3 billion internationally a week faster than Comcast's (CMCSA) Universal Studios did last year. Comcast is also a holding in the Action Alerts PLUS portfolio.
"We'd point out that Dory is but the latest Disney blockbuster to rule the 2016 box office as it has four of the top-five films thus far in 2016 -- Captain America: Civil War, Dory, The Jungle Book and Zootopia," Trifecta Stocks co-managers Chris Versace and Bob Lang wrote in a recent note. "With its current size in the portfolio, we're not inclined to add to the position despite favorable prospects in the key parks, film and merchandizing businesses."