Pavan Sharma

Global markets fell on Friday, with the S&P 500 down -2.8% as Amazon declined -7.6%, giving back some of its amazing gains after announcing its quarterly result.  

From the peak of $3.94 in February to the lows of $2.80 in March creates an opportunity equally for the dividend income seekers and capital growth chasers. Current technical analysis shows the stock should find strong support @ $2.97 mark.  We feel $2.99

Weak economic data overnight included a larger-than-expected jump in US unemployment claims (3.8 million for the week), taking the total to over 30 million people since the US covid-19 lockdown began.