The wait is over–Amazon Prime Day 2020 is officially live, but you don’t have to be a Prime subscriber or even shop at Amazon to get amazing deals today. That’s because this has effectively become a precursor to Black Friday, and competing retailers are getting in on the action with steep discounts on games and tech this week. Best Buy is one of those retailers running a big anti-Prime Day sale of its own, and it made the biggest move we’ve ever seen to compete with Amazon by announcing its first Black Friday deals will go live this week.
Select deals from Best Buy’s Black Friday ad have gone live today, and they feature fantastic discounts on laptops, tablets, and 4K smart TVs along with Arcade1Up cabinets. Notably, you can buy a Samsung 70-inch 4K smart TV for $530, down from its usual $750–just in time for next-gen gaming. There’s not too much in the way of video game deals–the better prices are at Amazon today–but you can grab The Last of Us Part II for just $40.
The early Black Friday deals are live October 13 and 14, overlapping neatly with Prime Day, but this won’t be the last you see of Best Buy’s Black Friday sale. Best Buy plans to release its full Black Friday ad and offer even more deals later this month.
The retailer is also offering a Black Friday price guarantee this year. If you buy anything during the sale that gets an even better deal before November 28, you’ll be reimbursed the difference. The holiday return period for products has also been extended–anything you buy starting October 13 can be returned for a refund through January 16, 2021.
Check out some of the best deals live so far in Best Buy’s early Black Friday
- Morgan Stanley says new technologies are feeding into a surge in productivity that will help the economy for years.
- Strategist Adam Virgadamo says the pandemic will speed up that change, and investors don’t have to buy tech stocks to reap the rewards.
- He’s compiled a list of innovators that have been outperforming and look like they will continue to do based on their strategies and investments in their businesses.
- Visit Business Insider’s homepage for more stories.
New technology has permeated so many industries and transformed business. But when investors want long-term growth, they’re mostly buying the same mega-cap tech stocks.
That’s stayed true even as some experts have warned about the sky-high prices of those same stocks, raising the spectre of the dot-com bubble 20 years ago and the dominance of a handful of giant stocks that hit record levels.
Whether there’s a bubble or not, Adam Virgadamo, a US equity strategist at Morgan Stanley, says investors need to be aware of the alternatives. He writes that technology is contributing to growth and bolstering economic productivity, feeding a secular bull market that dates to 2011 and didn’t end with the coronavirus crash.
“We are in the early innings of a technology-driven, decade-long investment cycle centered on data and digitalization that allows businesses to gain insights and improve productivity,” Virgadamo wrote in a note to clients.
He adds that the pandemic and its after-effects are only going to speed up that shift as companies look for ways to save money.
“[The recession] is a wakeup call to accelerate this digital transformation as companies with a greater digital presence are showing more resiliency in the wake of the pandemic,” he wrote. “We see a clear mindset shift at the executive level from viewing technology as supporting the business to technology becoming the