07.04.2020 AMAZON Daily Analysis

07.04.2020 AMAZON Daily Analysis

Amazon is one of the companies that has been performing extremely well during this crisis period. The company has been uniquely positioned to perform very well as a result of a change in market behavior. It's been holding up pretty well as compared to the rest of the market. Since governments are imposing mandatory quarantines most of the population is relying on home delivery and online shopping and this is where the company shines. Only on Monday, the stock rose 4.8% to close at $1997.59. One of Wall street's analysts Michael Pachter had this to say about online trading:"E-commerce is likely one of the biggest beneficiaries of this pandemic, it is likely to see a permanent shift from Offline stores." However, the Amazon workers feel the need for their conditions to be improved because they feel that they are risking their safety working in tough conditions. Some of the Amazon workers took to the streets to protest after it was revealed that some of the workers had contracted the virus. The workers are demanded paid leave and better working conditions. These, if not met, will have negative effects on the company and generally on the stock. The management hasn't responded but is expected to address the issue soon.