I normally post crypto-only but now stocks are so cheap and easy to make money of like crypto in earl;y stages its worth to mention them.
Recently, most companies face various difficulties related to coronavirus pandemic. Meanwhile, Amazon, known for its online sales, is experiencing a boom, and the company's share price is highest ever.
When many companies lose their value, Amazon's share price is at its highest level in history.
Wednesday's session is not favorable for most Wall Street companies, especially banks that have presented their financial results encumbered by reserves for credit losses related to coronavirus. However, even today Amazon is listed in a slight plus, gaining about 0.5%. At this time, investors are paying $ 2,296 for Amazon shares.
Since the beginning of the year, Amazon's share price increased by over 20%, when the S & P500 index fell by about 15%. The company's market capitalization is currently around USD 1.14 trillion.
While the economic situation related to the coronavirus pandemic negatively impacts the operations of most stationary stores, online sales, for which Amazon is famous, are becoming more and more popular among buyers.