Amazon stock news “(Reuters) – Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade. While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175,000 people in recent months and saw demand for its services soar. The company said revenue jumped 40% from a year earlier to $88.9 billion. Amazon had forecast it might lose money in the just-ended second quarter because it expected to spend some $4 billion on protective equipment for staff and other expenses related to COVID-19. It did just that – and still earned $5.2 billion – double its net income from a year prior. Jeff Bezos, who founded the company in July 1994 and is the world’s richest person, said…
AMZN stock
Amazon (AMZN) stock news “Amazon’s business practices examined by two U.S. states. (Reuters) – State investigators in both California and Washington are examining Amazon (NASDAQ:AMZN)’s business practices, two newspapers reported, citing people familiar with the matter. The inquiries focus at least in part on how Amazon treats sellers in its online marketplace, the Wall Street Journal and the New York Times (NYSE:NYT) reported on Friday. Amazon declined to comment on the report of an investigation by California. It was not immediately available for comment outside regular market hours on the Washington review report. The reports said California state is reviewing Amazon’s practices on selling its own products in competition with third-party vendors. Amazon said its in-house products only account for about 1% of its total annual retail sales. Washington state is also investigating whether Amazon makes it harder for sellers to list their products on other websites, the NYT reported….
Coronavirus stocks There are a lot of arguments about coronavirus stocks and whether they are top stocks, best stocks for 2020, stocks to buy 2020, stocks to invest in 2020. But the coronavirus stocks are trending stocks. Two coronavirus stocks are Amazon stock and Zoom stock. Amazon stock on June 5, 2020 Amazon.com, Inc. (AMZN) stock closed at 2,483.00+22.40 (+0.91%). AMZN stock has a 52-week range of 1,626.03 – 2,525.45. The PE Ratio (TTM) is 110.02. Zoom stock on June 5, 2020 Zoom Video Communications, Inc. (ZM) stock closed at 207.60,-2.75 (-1.31%). Zoom stock has a 52-Week Range 0f 60.97 – 224.46. The PE Ratio (TTM) is 5,931.43. Stock market source: Yahoo Finance, Stockscharts Coronavirus stocks that are trending may be disconnected from their intrinsic value Both Amazon stock and Zoom stock are coronavirus stocks, which have made a rally during this coronavirus crisis. But both have a P/E ratio…
Amazon.com, Inc. (AMZN) stock Amazon.com, Inc. (AMZN) stock closed at 1,900.10-55.39 (-2.83%) on Friday, March 27, 2020. AMZN stock for the week gained +2.93%. AMZN stock news Exclusive: Amazon entices warehouse employees to grocery unit with higher pay Stock market data: MarketWatch, Stockscharts Investing Check this link if you are interested in trading