4 large technical warehouses that are ready to return

<p>Suddenly, there are glimmers of hope on Wall Street, among technical stocks and beyond. On Thursday, President Donald Trump announced that the Food and Drug Administration continued with several treatment options for COVID-19, including a cheap and widely available malaria drug that has been around for about 70 years.

This, in combination with antibiotics, has shown great promise in the treatment of the disease.

Investors do not waste time reacting to the positive news and helping the major stock averages to stabilize and drive the newly formed support close to the 20,000 level of the Dow Jones Industrial Average. Mega-cap technology warehouse leads the way.

Here are four worth a look right now:

Big Tech Shares: Amazon (AMZN)

Amazon (NASDAQ: AMZN) shares ended the day up nearly 3%, blitzing back up and above their 200-day moving average to approach their 50-day moving average at one point. This limited an almost 20% rally of the low near $ 1,625 that last week when COVID-19 fears reached their peak.

The company has benefited from the outbreak, as demand has increased when people hook up at home and shop online. Earlier this week, the company announced that it is opening 100,000 new full-time and part-time jobs in response to demand.

When the company last reported results in early January, profitability continued to accelerate as years of investments paid off. North America’s sales increased 22% to nearly $ 54 billion when Prime membership reached $ 150 million globally. The company is expected to report next on April 23 after the close.

Apple (AAPL)

Apple (NASDAQ: AAPL) shares are recovering again and above the 200-day moving average, and are recovering from a loss of almost 30%, as the company returns to normal with the recently launched new iPad pros and the upcoming launch of new iPhones. The company was at the center of the supply chain’s concerns after COVID-19 spread in China and forced a slowdown in production.

Things are slowly returning to normal, as evidenced by several real-time economic data.

Analysts at Canaccord Genuity lowered their price target to $ 300, which would be a 20% profit from here, as they remain happy with the 5G launch. This would be associated with a return to the 50-day moving average.

Facebook (FB)

Facebook (NASDAQ: FB) shares recovered more than 4% on Thursday and were ready to enjoy the first major leap since coronavirus and oil-related sales began in mid-February.

The repayment remains within the framework of the trading area seen in 2018 related to privacy considerations. The company has recently been in the news for announcing that it would issue $ 1,000 employee bonuses and introduce a $ 100 million program to help small businesses affected by COVID.

When the technology portfolio last reported results on January 29, revenue of $ 2.56 beat estimates by two cents on an impressive revenue increase of 25%. The stock was recently upgraded by analysts at Edward Jones. Watch out for a recovery to the 200-day moving average, which would be worth a profit of almost 30% from here.

Microsoft (MSFT)

Microsoft (NASDAQ: MSFT) shares tried to push back above their 200-day moving average in what could be the first significant recovery since the nearly 30% peak-to-valley decline from early February peaks. The company’s shares have been strong players on their way into the downturn thanks to strong growth prospects and a solid balance sheet.

The repayment returned prices to the middle of the 2019 trading interval, a solid base of support to build a nice rebound. The company, headquartered near the Washington State COVID-19 outbreak in the city of Kirkland, went early on a work-from-home model after two employees tested positive for the virus.

At the time of writing, William Roth had no position in any of the above securities.