WikiStock

Global Securities Firms Regulatory Inquiry App

English
Download
Home-News-

Amazon, Netflix, Cisco And A Big US Bank: CNBC's 'Final Trades' - Amazon.com (NASDAQ:AMZN)

iconBenzinga

2024-06-20 16:40

Amazon, Netflix, Cisco And A Big US Bank: CNBC's 'Final Trades' - Amazon.com (NASDAQ:AMZN)

  On CNBC's “Halftime Report Final Trades,” Joshua Brownof Ritholtz Wealth Management said he still likes Amazon.com, Inc. AMZN despite the stock trading lower on Tuesday.

  A California labor regulator fined Amazon $5.9 million for allegedly failing to inform workers of productivity quotas at two of its warehouses.

  Jenny Van Leeuwen Harringtonof Gilman Hill Asset Management said Cisco Systems, Inc. CSCO has 3.5% yield and is trading at 12.8 times earnings.

  Cisco is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce. This initiative was unveiled on Monday as part of the company's ongoing efforts to enhance digital security infrastructure in regions facing high cyber threat levels, reported Reuters.

  Don't forget to check out our premarket coverage here

  Stephanie Linkof Hightower named Bank of America CorporationBAC as her final trade.

  On June 14, Keefe, Bruyette & Woods analyst David Konrad upgraded Bank of America from Market Perform to Outperform and raised the price target from $37 to $46.

  Joseph M. Terranovaof Virtus Investment Partners picked Netflix, Inc. NFLX.

  On Tuesday, Loop Capital analyst Alan Gould maintained Netflix with a Buy and increased the price target from $700 to $750. Netflix is expected to post its second quarter 2024 financial results on Thursday, July 18.

  Price Action:

  •   Amazon shares fell 0.7% to close at $182.81 during Tuesday's session.

  •   Cisco shares rose 0.6% to close at $45.97 on Tuesday.

  •   Bank of America gained 1.2% to close at $39.99 during Tuesday's session.

  •   Netflix gained 1.5% to close at $685.67 on Tuesday.

  Check This Out: Wall Streets Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.