Business · Markets · 2 hrs ago

Analyst warns SpaceX could weigh on AT&T stock for an extended period

Analyst warns SpaceX could weigh on AT&T stock for an extended period

Bernstein analyst Laurent Yoon warned that a SpaceX threat could weigh on AT&T’s stock for a prolonged period.

The warning also concerns the wider telecommunications sector.

Yoon expects more volatility in telecom stocks.

He no longer recommends any of the major telecommunications stocks.

The warning signals that investors may face a less predictable period for these shares.

No details were given about the nature of the SpaceX threat or what may happen next.

Sources

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