If the corona crisis and resultant lockdowns have been a boon for any one stock it would almost certainly be Amazon. The company’s shares are up almost 30% year to date, which has taken Amazon’s market cap above $1.2 trillion. With social distancing policies in place throughout much of the world, online retailers are benefiting massively and Amazon remains the king of online shopping.
The company recently announced that it would be hiring an extra 100,000 workers and after filling those positions, it announced that it would be hiring a further 75,000. On April 30, the company is expected to announce its earnings results for the quarter ending March 2020 and analysts are expecting it to significantly outperform earning estimates.