AMAZON: employees strike vs AWS

AMAZON: employees strike vs AWS

Against the tide

Amazon’s stock price is one of the few examples when a company gains value in the time of crisis when all the rest are hardly recovering their previous splendor. After meeting the virus at $2,190 per share, Amazon now trades at $2,460, which is a 12% rise. Announcing a hiring spree for 75,000 new employees is another factor that makes it stand out of the crown. So all seems quite optimistic for Amazon. Or is it?


More protection

Behind the frontlines, Amazon employees are expressing their concern with the level of virus protection the company appears to provide. Repeated discontent has been reported in numerous news releases lately. According to the most recent ones, Amazon workers are planning to go for a nation-wide strike this week to demand more sanitation and virus protection measures, including temporary closure of some of the warehouses for cleaning purposes. So far, there has been no disruption to Amazon’s operations because of these processes. However, if the dissatisfaction among the people grows stronger, Amazon’s outstanding performance in the stock market may be tarnished.

Earnings report

On April 30, at 21:30 MT time, Amazon will be reporting its earnings in Q1 2020. Although the picture is expected to be good, there is something that investors will be looking for specifically – the performance of the AWS (Amazon Web Services). Right, not the EPS, which would be a default performance metric, but the revenue of this particular business. AWS is the largest global provider of cloud computing services, and it has been the backbone of Amazon’s spectacular growth in 2020, well reflected by the stock price surging to its’ pre-virus heights. Therefore, if this indicator, along with others, brings some good news to the audience, it is fair to expect the share value to rise back to $2,400 and aim at $2,500 in the mid-term – if the employee strikes do not stand in the way of that flight.

                                                                                                 LOG IN


Apple event surprised traders
Apple event surprised traders

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.

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera