As Amazon predicts, its net sales in the first quarter of 2020 will increase by 16% and 22% to reach $ 73 billion. In addition, the company has more members who have already joined its subscription program. AMZN shares are on the rise in the pre-market.
Friday, Amazon.com Inc. (NASDAQ: AMZN) stock succumbed to the downward movement of the broader market and fell 2.83% to close at $ 1900.10. Today, as pre-market trading has started, Amazon’s stock is increasing. The 0.79% jump allows the retailer’s shares to trade at $ 1,915.04 at the time of writing.
The Amazon title (AMZN) is currently one of the best technology titles. Over the past three years, the company has increased earnings per share (EPS) enough. Over twelve months, this growth represents 13%, going from $ 20.68 to $ 23.46. In addition, the company has $ 55 billion in cash and cash equivalents that cover its long-term liabilities. Free cash flow from Amazon to equity is expected to exceed $ 48 billion this year. In other words, Amazon is far from a liquidity crisis in case the debt market tightens in 2020.
As the company predicts, net sales in the first quarter of 2020 will increase by 16% and 22% to reach $ 73 billion. In addition, the company has more members who have already joined its subscription program, Prime, and even more are expected in the near future. Now IInvestors are awaiting the Q1 2020 report.
Amazon is one of the FAANG titles (the best tech titles that include Facebook Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon, Netflix Inc (NASDAQ: NFLX) and Alphabet Inc (NASDAQ: GOOGL). ask which of them is worth buying and comparing Amazon and Facebook. Amazon’s stock is growing but Facebook is not lagging behind and adds 0.38% in pre-trade to reach 157.39 However, the social media giant recently complained about the weakening of its advertisements. In particular, it suffers mainly in the countries where the actions against COVID-19 are the most drastic.
Amazon and Coronavirus
Amazon also appears to be a winner in the given virus situation. In the aftermath of the coronavirus epidemic, he sees growing demand for certain products and a splash of deliveries. To manage this increase, the company has decided to open 100,000 new full-time and part-time positions in the United States. In addition, Amazon will increase the salaries of its employees. The company will add $ 2 more per hour worked until April compared to our current rate of $ 15 / hour or more, depending on the region, C $ 2 in Canada, £ 2 per hour in the United Kingdom and around € 2 an hour in many countries. EU countries.
Other measures taken by Amazon to fight coronaviruses. It temporarily closed sites, such as the Queens location, stepped up disinfection measures, and partnered with the Gates Foundation to deliver and pick up coronavirus test kits at home. Through its Amazon Care program, the company helps with the logistics and delivery of test kits.
Daria is an economics student interested in the development of modern technologies. She is impatient to know as much as possible about cryptos because she thinks they can change our vision of finance and the world in general.