GameStop is back! It has already surged by 14% in pre-trade hours.
AMAZON: doing well, thank you
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.
On Wednesday, Russia’s department of communications control Roskomnadzor slowed down Twitter’s speed. What does it mean for the stock?
Why do we like Tesla so much? Here is why - check the article.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Jump in to know the latest market news and trade ideas for today!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.