The biggest winners on the markets last week

The Coronavirus situation persists, as did the market volatility and the trading and investment opportunities surrounding it. In recent days, we have seen huge movements in commodities, equities and forex pairs. Last week was no exception. With the second week of the booming earnings season, more of the world's largest companies continued to report their first quarter performance, which came as a surprise.

So who are last week's biggest winners so far? Not only in the stock market, but on all instruments.

Last week's winners

Crude oil

After trading at continuous lows over the past few months, many would have thought that oil prices would one day find support. However, instead of finding a floor, the markets simply continued to slide, reaching negative prices for the first time in history when it came to the futures price for May. Spot markets also felt the full force of the decline, as much as $3 a barrel. The virus situation led to a 29% drop in global oil demand. This, combined with an oversupply of this commodity, created a chaotic mix that drove prices down.

However, after such a fall to start the week, many would have already started writing a eulogy, but the "death of oil" was somewhat premature. After finishing Tuesday at a low of $3.00, Crude rose by $10, trading as high as $12.79 a barrel, in the biggest 3-day price increase ever recorded in this market.

Netflix

As the world has been told to stay at home, with bars, restaurants and concert venues all closed, the need for alternative forms of entertainment is on the rise, with Netflix filling that gap in a big way.

The company recorded its largest quarter with 15+ million new subscribers. Netflix, which originally projected approximately 8 million new paying subscribers, reported first-quarter earnings of $710 million or $1.60 per share. At the time of the initial announcement, the streaming giant's shares closed at over 8 percent up in the market.

A Netflix rep says: "In January and February, our members' growth was similar to that of the previous few years. Then, with containment orders in many countries starting last month, many more households joined Netflix to enjoy great entertainment".