The market's sell-off has left Amazon and others 'unfairly punished,' Jefferies says

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Andrew Harrer | Bloomberg | Contributor

Recent market volatility and a sharp sell-off have left several top-quality stocks "unfairly punished" and now offer investors a rare chance to buy at a discount to historical valuations, Jefferies told clients in a note published Tuesday.

Stock markets around the world have shuddered in recent weeks as the spread of the novel coronavirus and measures to contain the disease worry investors that lower workplace output could tip the global economy into recession.