Earlier this week, the stock market increased across all sectors. A lot of blue chips companies have started resuscitating from the hard hit of COVID19. As we all know this period remain unprecedented for so many companies especially the manufacturing sector.
The supply chain remain stagnant for some time now due to total lockdown across all major regions such as Europe, Asia and Africa. And the manufacturers are not the only ones suffering from this problem, the consumers are partakers of this distress to business.
During 2019/20 year, the big changer in the evolution of stocks has been the unimaginable electric automobile company called Telsa. Tesla's stock soared about 500% in 2020, and the company is now worth about $475 billion.
After today’s dip in the stock market, the CEO has announced to raised $5billion from the sales of new stocks to the public.
Due to the amazing work the CEO is doing with the company and current increase in the price of the company’s stock. Elon is comfortably leading in the top rank of wealthiest people in the world.
Last week, the Amazon guy - Jeff Bezos secured the second spot on the rank of the wealthiest man in the world after an increase in the Amazon’s stock shares. Actually, if one needs to invest in stocks right now; AMZN & TLSA should be in the portfolio.
While on the other side of the market, Bitcoin did a major rise past $12k recently this week while Ethereum followed suit with $475 price rate. Unfortunately, the market is hitting deep into the bottom as most of these coins are finding the bear-ground. Anyway, like the words of hodlers and investors. The best opportunity is the dip, buy the dip!
Love & Light
Sam