Amazon Prime Day Lifts Retailers Ahead of Key Inflation Data, and the Three Stocks that One Chart Watcher Says Are Ready to Bounce 7/11/23
CNBC's "Fast Money"
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The Importance of Competition in Retail
It's not just what they take, but also the pressure they put on the other retailers to come up with those sales and the pressure on margins. That, in turn, puts on their competitors. And if you think about where we're going to be for this year's prime day, some of the numbers I'm reading is that the promotional kind of discount percentages are going to be pre-COVID level. We still want to, as technicians, always go with the leaders.
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