Amazon and two other consumer discretionary stocks to watch after 2020 rally

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The consumer discretionary sector is the second-best performer in 2020. Here's what to do, according to two analysts.

Delano Saporu, founder of New Street Advisors, is eyeing one of the top performers, Amazon, for more gains.

"I definitely think it can still last," Saporu said during the same "Trading Nation" segment. "We're coming up on a holiday season where a lot of people hopefully have some things on their shopping list. … We're going to see a lot of people looking to put money to work after they take care of their basic necessities."more than $3.5 billion in sales over its two-day event, 60% higher than a year earlier."You saw them stabilize top line.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines