Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Amazon's sales surge 44%!
What happened
Amazon surprised observers with unexpectedly strong sales performance and resulting profits: the company made 44% more sales in Q1'2021 than in the previous year's same quarter. Earnings were almost 50% greater than expected, with the actual number of $15.79 per share against the forecast of $9.54. The revenue was $108.52 billion vs. $104.47 billion expected. Also, it confirmed that this year's Prime Day will take place in June.
What does it mean
Fundamentally, it means that the company's mid-term and long-term outlook is positive for this year. Everything is going according to the plan so the upside is a likely scenario for the stock price.
Technically, the positive report helped the stock to challenge the previosly set all-time high of $3,500 so as the market opens today, bulls will likely continue the push and lift the stock further upwards.
Remember you can trade stocks in Metatrader 5 or FBS Trader app!
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Every week we expect many interesting events that can shake the market.
