Western companies are approaching the period for publishing quarterly reports, so investors are showing interest in those of them whose business during the pandemic has either demonstrated immunity to economic shocks, or even added revenue. E-commerce giant Amazon is now worth more than $1,5 trillion, and its founder's personal fortune has increased by $13 billion overnight.
Since the beginning of the year, Amazon shares have risen in price by 73%, and yesterday they immediately 7,9% after the publication by the investment bank Goldman Sachs of an updated forecast for their market value, which mentioned the milestone of $ 3800 as a new benchmark. In just a day, Amazon's capitalization eventually grew by $117 billion, and the personal wealth of founder Jeff Bezos increased by a record $13 billion, reaching $189 billion. He now owns assets whose market value exceeds the market capitalization of Exxon Mobil, Nike or McDonalds . Even Bezos' ex-wife, Mackenzie, became $4,6 billion richer on Monday, moving to 13th position on the list of the world's richest people.
Other companies in anticipation of quarterly reports too positive dynamics in the price of their shares. Amazon, Tesla, Microsoft, Apple, Alphabet, Facebook and Netflix stocks collectively rose $292 billion in value in just one day. Tesla's business has demonstrated the ability to resist the costs of self-isolation, which resulted in a six-week downtime of the main assembly line in the second quarter. The company's shares rose in price by 9,47% in anticipation of the publication of a quarterly report. Capitalization of Microsoft increased by $66,82 billion (+4,3%), Apple shares added 2,11% in price, Alphabet became more expensive by $32,08 billion (+3,1%). Facebook and Netflix increased capitalization by $9,67 billion (+1,4%) and $4,28 billion (+1,91%), respectively. Investors hope that the business of these companies in the current economic conditions is able to demonstrate a positive trend in changes in financial performance.
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Source: 3dnews.ru