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

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.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
AMAZON: employees strike vs AWS

AMAZON: employees strike vs AWS

Information is not investment advice

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?

AMAZONH4.png

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

Similar

Popular

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

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

Internal error. Please try again later