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benzinga.com
118 days

GameStop Short Seller Andrew Left Goes Long On China And These 2 US Stocks Amid Market Correction - First Solar (NASDAQ:FSLR), Amazon.com (NASDAQ:AMZN)

1. Andrew Left is bullish on Amazon at $172, citing low PE. 2. Tariffs may enhance Amazon's pricing power amid consumption shifts. 3. Left's long positions reflect market turbulence and consumer behavior. 4. Despite a negative performance, Left sees Amazon as a resilient choice. 5. AMZN has weaker price trends but stronger value, growth, and quality.

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FAQ

Why Bullish?

Left's endorsement of AMZN highlights its resilience and lower valuation; historically, similar insights led to investor confidence and price recoveries, such as during periods of economic downturns when e-commerce thrived.

How important is it?

Andrew Left’s positive stance on Amazon amid macroeconomic challenges could sway investor sentiment, although it’s tempered by existing price trends.

Why Short Term?

The discussion around tariffs and Amazon's competitive pricing is likely to affect market perception quickly, possibly leading to short-term price movements especially as consumers look for cheaper options.

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