Why Meta Platforms Rose While Amazon Sank on Monday
On Monday, Meta Platforms (NASDAQ: FB) and Amazon (NASDAQ: AMZN) were tagged by a storied investment bank as stocks worthy of consideration. Interestingly, the pair went in different directions as investors reacted, with Meta shares eking out a slight (0.7%) gain in price on the day and Amazon stock falling by over 2%.
Morgan Stanley (NYSE: MS) analyst Brian Nowak reiterated his overweight (read: buy) recommendation on Meta shares and said that Amazon has fine potential to become a very compelling buy.
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Source Fool.com
