In the past two years, the epidemic has ravaged the world, coupled with the conflict between Russia and Ukraine, inflation, many companies have suffered setbacks, and the economy has been in recession. Most of them failed to escape this doom and closed down. But " crisis " and " opportunity " coexist. Some people fall and others rise, such as Amazon.

According to Xingqihang, on July 30 , Beijing time , as of the close of U.S. stocks on that day, all three major indexes closed up. The Nasdaq Composite closed up 1.88%, the S&P 500 closed up 1.42%, and the Dow closed up 0.97%.

In terms of individual stocks, Amazon closed up 10.36% at $134.95 per share, with a total market value of $1.37 trillion (about 9.24 trillion yuan). In a single day, Amazon’s market value increased by more than 870 billion yuan. It is reported that the last time Amazon rose more than 10% in a single day was back on February 4, when Amazon closed up 13%. Entering July 2022, Amazon has risen by more than 27%, the largest monthly increase in the past 10 years.

Amazon's stock price has risen sharply, and its founder Bezos' net worth has also risen. According to the Bloomberg Hundreds of Millions Index, Bezos’ net worth increased by $12.8 billion (approximately RMB 86 billion) in a single day, and his total net worth was $159 billion (approximately RMB 1.07 trillion).

On the news side, Amazon's surge stemmed from better-than-expected performance.

After the bell on Thursday, Amazon released better-than-expected second-quarter and third-quarter guidance. Data show that Amazon’s revenue in the second quarter increased by 7.2% year-on-year to $121.2 billion, exceeding market expectations of $119 billion. The financial report also predicts that Amazon is expected to achieve revenue of about $130 billion in the third quarter, a year-on-year increase of 17%, also exceeding market expectations of $126 billion.

After the results, analysts at Credit Suisse maintained their outperform rating on Amazon and a $170 price target. In addition, Deutsche Bank analysts also raised Amazon's target price from $155 to $175 and maintained a buy rating .

I believe that seeing these, many cross-border sellers will be more confident. After all, it is good to enjoy the shade with the back of a big tree. The better Amazon does, the more support and benefits it can give sellers. Xingqihang also wishes all sellers, can In the next peak season, the sales volume is big , and the performance is Changhong !