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Amazon stock is at its all-time highs above $2,400.
Just in case you were cautious about the stock market re-gaining the February-March losses so rapidly, have a look at Amazon stock price.
It’s not only a V-shape recovery – the price crossed the trend resistance line, which would be there if no crisis happened. Amazon simply says “I don’t care, and by the way, thank you” to the virus. It was at $2,190 before the virus, it dropped to $1,636 during the virus, and now it is at $2,400.
There should be someone out there who bought this stock at the bottom of $1,636. Well, now, just with one share of Amazon, this smart trader would have an additional $800 in the current account just out of thin air.
First of all, IT sector of the S&P is generally doing well and probably is among the best sectors in these times. Second, virus restrictions push societies to go more online so Amazon specifically gained from that. Lastly, the company recently announced hiring 75,000 employees, which sound very confident, especially in contrast to the dull economic outlooks voiced around.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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