Uber, Amazon, Affiliated Managers Group And More On CNBC's 'Final Trades'
Avi Kapoor 9 months ago
Long IdeasNewsMarketsMediaTrading Ideas
Joshua Brown chose Amazon (AMZN) and Brian Belski selected Affiliated Managers Group (AMG) as their final trades, supported by analysts' positive views on the companies.
On CNBC's “Halftime Report Final Trades,” on Tuesday, Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Amazon.com, Inc. (NASDAQ:AMZN) as his final trade.
Supporting his view, Jefferies analyst Brent Thill, on Monday, maintained a Buy rating on Amazon.com and raised the price target from $275 to $300.
Humilis Investment Strategies CEO and chief investment officer, Brian Belski, picked Affiliated Managers Group, Inc. (NYSE:AMG) as his final trade.
Lending support to his choice, Goldman Sachs analyst Alexander Blostein, on Tuesday, maintained Affiliated Managers Group with a Buy and raised the price target from $300 to $341.
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Shannon Saccocia, chief investment officer of NB Private Wealth, named the iShares US Consumer Discretionary ETF (NYSE:IYC), saying tariffs are in the rearview mirror and consumers are engaged.
Joe Terranova, senior managing director at Virtus Investment Partners, selected Uber Technologies, Inc. (NYSE:UBER), which gained on Tuesday.
TomTom N.V. (OTC:TMOAF) and Uber announced the renewal of their partnership on Tuesday to enhance Uber’s routing and location services across its global ride-hailing and delivery operations.
Price Action:
- Amazon shares rose 3.4% to close at $240.93 on Tuesday.
- Affiliated Managers Group shares gained 2.2% to settle at $310.31 during the session.
- Uber shares surged around 6% to close at $85.54 on Tuesday.
- iShares US Consumer Discretionary ETF gained 0.9% during the session.
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