News > Bernstein says Amazon pullback is an attractive ‘entry point’
Bernstein says Amazon pullback is an attractive ‘entry point’
Dais Newsfeed | 23/09/2020 08:33 AM | Click to read full article
Wall Street stocks rebounded on Tuesday, led by a jump in Amazon.com, even as a likely delay in new fiscal stimulus by Congress and an increase in the number of coronavirus cases dampened hopes of a faster economic recovery.
Amazon.com Inc jumped 5.7% after Bernstein upgraded the stock to "outperform," saying the company will continue to receive a boost from premium subscribers and third-party merchants even once the pandemic is contained.
