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Home›US Markets›Equities›Bernstein cuts telecom stocks after SpaceX-related con…

Bernstein cuts telecom stocks after SpaceX-related concerns

Reported · Written up by our desk · Equities

MarketWatch reports that Bernstein analyst Laurent Yoon has stopped recommending major telecommunications stocks, warning investors to expect additional volatility.

The move reflects Yoon’s caution that a potential SpaceX-related threat could continue to weigh on telecom stocks for an extended period, according to the outlet.

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Sources

MarketWatchThe SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions
MarketWatchThe SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions

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