Stock Market Bets: Will Amazon’s Stocks Soar Amid Coronavirus Outbreak?

By in Industry Insight on
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Stock Market Amazon

It’s safe to say things could be going better in the United States right about now. The spread of the coronavirus has caused a massive change in the way millions of Americans are living their lives. Non-essential businesses and schools are temporarily shutting down, and people are being advised against leaving the house unless it’s an absolute necessity.

Unfortunately, the stock market has also come crashing down as a result of the uncertainty presented by this entire situation. It was only a couple of months ago that business was booming. In fact, President Donald Trump’s entire reelection message was supposed to be centered about how well the economy was doing during his term. As of now, that selling point has completely vanished.

Earlier this week, the Dow Jones Industrial Average plummeted to under 20,000 points for the first time since Trump took office in January of 2017.

The past several weeks have completely eliminated years of gains. There was a brief surge in the last 10 minutes of trading on Wednesday to push the average to 166 points above its pre-inauguration level, but the outlook is currently pretty grim.

Plenty of stocks are completely tanking, while others have seen an uptick in price thanks to the pandemic that has affected the entire world.

We don’t have sports available at the moment to give us a diversion, but the creative oddsmakers at BetOnline are trying everything they can to give online bettors something to do while they’re quarantined at home. The site has posted a number of entertainment props that involve the stock prices of various companies. You can bet on whether these stock prices will be over or under a certain amount per share by the time the market closes on March 31.

Let’s go through a few of the more well-known options and try to identify some betting value.

Amazon

  • Over $1750 (-150)
  • Under $1750 (+110)

As of this writing (on March 20), Amazon’s price per share is sitting at $1,871.83. Exactly a month ago, shares for the well-known online retailer were selling for $2,153.10. which was near its peak over the span of the past year. While the price has been trending downward in general, Amazon has not seen the kind of horrific market performance that most other companies have.

Amazon has become synonymous with the American lifestyle, and the company has helped revolutionize the way we shop. Now, when we are being advised to stay home, it’s even more important to be able to rely on a company like Amazon to help get us the things we need. Amazon almost surely won’t be as negatively affected by the coronavirus as most others, so I would side with the odds on this bet. Betting on Amazon’s price staying over $1,750 per share looks like the smart bet at this point.

Amazon Stock Price:Over $1,750 (-150)

American Airlines

  • Over $15 (+175)
  • Under $15 (-260)

As you can imagine, airlines all over the world have taken quite the hit as a result of the coronavirus pandemic. People have been urged against traveling unless it’s absolutely necessary. On March 19, the US State Department said that Americans should avoid flying overseas for the time being. Plenty of flights have still proceeded as originally scheduled, but millions of airline tickets have been canceled as people opt against going anywhere.

American Airlines’ stock price was up near $30 per share in the middle of February, but it tumbled all the way to about $10.30 on March 18. As of this writing, you can get a share of American stock for a measly $10.63. The entire airline industry is expected to get a sizable monetary bailout from the federal government. This idea has received plenty of vocal opposition, but one would imagine American and other airlines will get some help at some point.

Still, it’s hard to imagine the airline industry turning around in the immediate future as the coronavirus continues to spread across the country. Bet the under on $15 per share of American stock by April 1.

American Airlines Stock Price:Under $15 (-260)

Apple

  • Over $250 (-105)
  • Under $250 (-135)

A share of Apple stock would run you about $188 on March 20, 2019. The price has surged over the past year with a peak over $320, but it has since taken a hit along with just about everything else. Apple stock has fluctuated quite a bit over the past week with peaks nearing $260 per share and valleys south of $240 per share.

As of now, Apple is right around $246. Considering lots of people have been losing their jobs as a result of the pandemic, one would imagine there won’t be that many people going out and making iPhone or iPad purchases in the near future. I doubt we see Apple completely tank, but staying under $250 for the time being looks like the safer side of this bet. The odds agree. There’s decent value on the under at -135, so that’s where I’d put my money.

Apple Stock Price:Under $250 (-135)

Caesars Entertainment Corp.

  • Over $5 (+225)
  • Under $5 (-350)

The Las Vegas Strip looks a little eerie these days as all of the area’s well-known casino resorts have shuttered operations temporarily. That means casino properties like Caesars aren’t making much money right now. While online betting operations remain intact, sports betting in particular is expected to see a downturn considering most pro sports leagues around the world are also on hiatus.

As of now, you can buy a share of Caesars stock for $5.41. Caesars has had to begin the unfortunate task of beginning layoffs as properties around the world shutter. Caesars’ stock price has plummeted by over 80 percent over the past month, and as of now, there is no timetable for properties to reopen. Caesars doesn’t have a massive online presence, which seems problematic, all things considered. The under is a massive favorite here, and I see no reason to believe that won’t be the best bet. Things will get worse for Caesars before they get better, unfortunately.

Caesars Entertainment Corp. Stock Price:Under $5 (-350)

Clorox

  • Over $200 (-110)
  • Under $200 (-130)

Clorox is one of the few industries that has actually seen an upswing of late. As everyone rushes to sanitize everything in an effort to avoid contracting the virus, there has been a run on all cleaning products at grocery stores all over the country. Frankly, it may be hard to find Clorox wipes at your local market at this point. Here’s hoping you were able to stock up beforehand!

You could get a share of Clorox stock for about $164 a month ago at this time, but as of now shares are going for over $183. Earlier this week, shares were going for upwards of $200. While the boom in price is understandable, it’s worth wondering how sustainable this is. The virus will pass at some point, and Clorox’ stock will go right back down to where it was back when things were relatively normal.

It’s tough to tell just how things are going to pan out over the next week considering how quickly things have been changing, but I’d lean toward hitting the under on $200 per share of Clorox stock. It’s only a matter of time until this settles down, so the under looks like the much safer bet.

Clorox Stock Price:Under $200 (-130)

Costco

  • Over $320 (+120)
  • Under $320 (-160)

There’s a good chance that the lines at your neighborhood Costco are incredibly long these days. Surely you’ve seen the footage of people lining up around the block just to get into the store all week long. Frankly, a Costco is probably the last place I’d want to be right now.

With so many people flocking to Costco, though, the company’s stock price has soared. A share of Costco stock is going for over $294, which is actually down from where it was exactly a month ago ($324). I’m a little surprised at the $320 number for this prop, which seems to be on the high end. As is the case with Clorox, I wouldn’t be surprised if Costco started to see a decline in stock price once this madness all comes to an end.

Once again, I like the under.

Costco Stock Price:Under $320 (-160)

Hilton

  • Over $50 (+110)
  • Under $50 (-150)

The hospitality industry has taken the brunt of the pandemic. With people staying home, hotels aren’t attracting a whole lot of business. There are still plenty of people seeking shelter, though, so I doubt hotels will get hit as hard as things like the airline industry. Still, the price per share has been cut by nearly 50 percent over the past month. On February 20, you could get a share of Hilton stock for $112. Today, you can grab a share for a little more than $60.

The stock price dipped as low as $44 before rebounding a bit this past week. I’m not as bearish on this as I am with some of the other betting options, so I don’t think it’s crazy to think that Hilton can keep its head above $50 per share before the end of the month. This obviously isn’t the safest bet in the world, but the value is there at +110 on the over.

Hilton Stock Price:Over $50 (+110)

Netflix

  • Over $350 (+140)
  • Under $350 (-180)

With people staying home, it seems logical to assume that Netflix’ viewership numbers should rise. However, the stock has actually fallen over the past month. Stock prices were up over $380 on February 2o, but it’s currently going for south of $340. People around the country are just starting to take the virus seriously enough to stay home, and more and more cities and states are ordering the closures of most businesses.

I expect Netflix to rebound. While we have a relatively short window here with March 31 on the horizon, Netflix’ stock price has risen by 6.5 points on March 20 alone. I think we will continue to see an upward trajectory here, so I’ll take the extra risk that comes with betting the over on $350. +140 is a solid number.

Netflix Stock Price:Over $350 (+140)

Starbucks

  • Over $55 (-140)
  • Under $55 (+100)

Your local Starbucks is almost surely still open regardless of whether your city has shut down due to the pandemic. However, you’re probably limited to drive thru or takeout as opposed to the store letting you stick around. On Thursday, Starbucks finally decided to reopen a store in Wuhan, China, which is the epicenter of the coronavirus outbreak. The company will have reopened 90 percent of all stores that it had temporarily closed by the end of March, which is a positive sign.

Starbucks’ stock was going for better than $88 a share a month ago, but it has since dipped to just over $61. I think the decision to reopen all of these stores is a big deal, though. The price dropped as low as $50 earlier this week, and the fact that it has already come back up seems to be a sign of good things to come. This is one of the few props where the over is the favorite, and I think it makes sense.

Once again, hit the over.

Starbucks Stock Price:Over $55 (-140)

Walmart

  • Over $132 (+150)
  • Under $132 (-200)

On March 20, Walmart announced that the company is hiring 150,000 new workers in an attempt to have enough staff to help deal with the rush of consumers flocking to stores all over the country. The company’s stock prices have waxed and waned over the past month, but as of today the price ($115) is just $2 less than it was on February 20 ($117).

Walmart’s price has consistently rebounded well following every dip, which is reason for optimism moving forward. I’d expect the price to stay near where it is for the most part. While we could see a rise, it’s hard to imagine the stock soaring north of $132 per share. Shares haven’t reached that point for Walmart in the last 5 years.

This looks like a good under bet. The -200 odds agree.

Walmart Stock Price:Under $132 (-200)

Bitcoin

  • $5,001-$7,500 (-125)
  • $2,501-$5,000 (+150)
  • $2,500 or under (+300)
  • $7,501-$10,000 (+350)
  • Over $10,000 (+1400)

As of this writing, the price of Bitcoin is sitting at $6,210. Earlier today, the price soared all the way up to nearly $6,900. This comes just a few days after dipping to around $4,100 earlier in March. The price was over $9,600 a month ago at this time, but Bitcoin is slowly starting to rebound after plummeting when the coronavirus fears initially began to take hold in the US earlier this month.

The Current Value of Bitcoin

Coin

Coin

We have obviously seen wild fluctuations with Bitcoin’s price in the matter of a few days, so there’s really no telling where the price will be when the month finally comes to an end. The safe bet is on the price staying around where it is now at -125. I don’t see much reason to believe another cratering is on the way, so I’d pass on betting on the $2,501-$5,000 range at +150.

Frankly, I’d rather take a shot on the price climbing back up between $7,501 and $10,000 given the +350 odds. If you’re looking for upside, I think that’s the best option on the board. That’s where the price was sitting around a month ago. A lot will depend on how the US and the rest of the world continues to handle the pandemic, but it’s not the craziest bet given the +350 odds.

For now, though, I’ll err on the side of caution. Take between $5,001 and $7,500 at -125.

Bitcoin Stock Price: $5,001-$7,500 (-125)
Taylor Smith

Taylor Smith has been a staff writer with GamblingSites.org since early 2017. Taylor is primarily a sports writer, though he will occasionally dabble in other things like politics and entertainment betting. His primary specialties are writing about the NBA, Major League Baseball, NFL and domestic and international soccer. Fringe sports like golf and horse racing aren’t exactly his cup of tea, bu ...

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