#3 - Amazon (NASDAQ:AMZN)
Amazon (NASDAQ:AMZN) is working hard to break away from its identity as “just” an e-commerce company. But for right now being an e-commerce company is exactly what this economy needs. As more and more Americans are doing their part to follow shelter in place directives, there’s never been a better time for Amazon. And that’s saying something.
But Amazon is not only providing a service by keeping the pipeline of commerce open; it’s also hiring workers. Amazon will hire up to 100,000 full-time and part-time employees in the United States for warehouse and delivery jobs.
The company also announced it is increasing wages and adopting a more lenient sick policy to keep workers engaged. Although many of these jobs may only be temporary, they are necessary to holding together an economy that has been ripped apart.
Since the market peaked on February 19, shares of Amazon are down 11%. But the S&P 500 has dropped nearly 30%. And the other FAANG stocks are all down at least 20%.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.
Read More - Current Price
- $197.12
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 41 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $235.77 (19.6% Upside)
