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Tariff-fueled recession fears ‘relative negative' for Internet sector, says BofA [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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In addition, the potential for increasing recession fears fueled by the tariffs are “a relative negative for the entire Internet sector,” which the analyst notes underperformed in 2008 and 2022 as fears of a recession grew. The “only potential silver lining” is that proposed rates could be viewed as a negotiation tool that may not be fully implemented, adds the analyst. Stocks mentioned in the report include Amazon ( AMZN ), Booking ( BKNG eBay (EBAY), Meta (META), Pinterest ( PINS ), Reddit ( RDDT Snap (SNAP), Take-Two ( TTWO ) and Uber (UBER). Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now See today's best-performing stocks on TipRanks Read More on AMZN: Disclaimer & Disclosure Report an Issue SMCI Stock Cle
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