Amazon makes history by smashing all-time records

Published

3 years ago

June 23, 2021

Amazon’s future looks promising as the company comes closer to unprecedented highs.

Amazon shares have risen to record highs after blowout results. The stock prices jumped Tuesday and were recently trading at over $3,500. This is about 0.5 per cent away from a fresh high.

It would be the E-commerce giant’s first record close since September 2.

Amazon shares have lagged the S&P 500 in recent months, but big sales events helped push shares of major retailers higher.

1/x Amazon looks very compelling as the stock approaches all time high after one year of consolidation. The history of the Amazon stock shows that the returns often have been generated during shorter explosive periods (as for many others stocks). $AMZN pic.twitter.com/hSvLe0XSRP
— Matematikern (@Matematikern3) June 18, 2021

Amazon Prime Day helps to push stock prices over the line

Amazon has just wrapped up its annual Prime Day event, and now Target is also slashing prices in separate summer sales events.

Amazon Prime Day is the yearly event the company uses to get us all signed up to Amazon Prime accounts, promising faster shipping and even a video catalogue.

This comes after Amazon faced a massive global shipping crisis during Amazon Prime day.

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending