Streetbeat News

Marketing

AMZN

Amazon.com Inc (NASDAQ:AMZN) reported record first-day sales for Prime Day 2023 with $6.4 billion spent, a 6% increase YoY. Over 375 million items were purchased on Amazon in the first 24 hours. A survey found that 45% of all U.S. respondents shopped during Amazon’s 2023 Prime Day, with Gen Z and Millennials being the most active. Amazon shares trade at $131.86, up over 50% YTD in 2023.

Portfolio Pulse from Chris Katje

July 20, 2023 | 7:42 pm

TSLA

Tesla has announced that the Model Y configurator is now live in Malaysia, indicating the expansion of its electric vehicle offerings in the country.

Portfolio Pulse from Charles Gross

July 20, 2023 | 6:49 pm

AMC

AMC Theatres has announced the end of its Sightline at AMC pilot program, which tested seat-based pricing at select locations. The program found that most customers continued to choose Preferred Sightline seating despite a slight price increase, but there was little to no increase in front row seating patronage even with a price reduction. AMC will now focus on testing a new type of spacious front row seating with extensive seat recline.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 5:42 pm

HSY

TGT

A report by 'The Bear Cave' highlights the increasing competition faced by Hershey Co (HSY) from Feastables, a company founded by YouTuber MrBeast. Feastables is gaining popularity and is being stocked by retail giants like Walmart and Target Corp (TGT). The report suggests that Hershey's market strategy may need to adapt to this new competitor. MrBeast acknowledged the competition, stating that the next few years between Feastables and Hershey's will be interesting.

Portfolio Pulse from Michael Cohen

July 20, 2023 | 4:35 pm

AAPL

SSNLF

XIACY

India's smartphone market shows signs of stabilization with a marginal 1% decline in Q2, compared to a 20% drop in Q1. Samsung leads the market, followed by Vivo and Xiaomi. Apple expands its presence in India by opening two retail stores in Delhi and Mumbai. The Indian market prefers offline sales, influencing the retail strategies of companies.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 1:58 pm

AMZN

Amazon plans to introduce its palm-payment technology, Amazon One, in all Whole Foods stores by the end of the year. The technology, which allows shoppers to pay with their palms, is currently available in over 200 Whole Foods locations. Amazon has seen growing demand for the technology, with 3 million uses of Amazon One recorded. The company has also marketed its physical store technologies to third parties, securing deals with airport stores, sports stadiums, and concert venues.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 1:48 pm

AMZN

Amazon plans to introduce its pay-by-palm system, Amazon One, to all of its Whole Foods stores by the end of the year. The technology, which allows users to pay for items by swiping their hand over a kiosk, is currently available in over 200 Whole Foods locations. Amazon has also been marketing this technology to third parties, including airport stores, sports stadiums, concert venues, and Panera Bread.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 1:36 pm

EL

MANU

Estée Lauder (NYSE:EL) has partnered with Manchester United Ltd. (NYSE:MANU) for a skincare campaign. The campaign, which will feature Manchester United's first team players, is expected to engage with the football club's extensive fan base in the Asia Pacific region, including China. The partnership will spotlight Estée Lauder Advanced Night Repair Serum. The news comes as Manchester United's shares are trading higher by 7.11% to $23.64 in the premarket session on the last check Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

July 20, 2023 | 1:18 pm

EL

MANU

Estée Lauder has entered into an exclusive partnership with Manchester United to become the football club's skincare partner. The partnership will initially spotlight Estée Lauder's Advanced Night Repair Serum.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 10:06 am

META

Elon Musk has agreed with a Twitter user's analogy comparing Instagram to 'Barbie' and Twitter to 'Oppenheimer', highlighting the different target audiences of the two platforms. Twitter CEO Linda Yaccarino also joined the conversation. This comes as Meta Platforms Inc. recently announced a Twitter alternative called Threads, which has gained 100 million sign-ups but needs to improve user engagement.

Portfolio Pulse from Ananya Gairola

July 20, 2023 | 2:20 am