Amazon, Merck, PG&E And More On CNBC's 'Final Trades'
Avi Kapoor 8 months ago
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Amazon invests $12 billion in data centers in Louisiana, Merck & Co., Inc. receives positive coverage, and Horizon Kinetics Inflation Beneficiaries ETF shows slight growth.
On CNBC's “Halftime Report Final Trades,” Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, named Amazon.com, Inc. (NASDAQ:AMZN) as his final trade.
As per the recent news, Amazon.com announced a $12 billion investment in northwest Louisiana on Monday. The investment is earmarked for the development of data centers, which are projected to generate 540 full-time positions and support an additional 1,710 full-time equivalent roles in the community.
Bryn Talkington, managing partner of Requisite Capital Management, picked Horizon Kinetics Inflation Beneficiaries ETF (NYSE:INFL).
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Joe Terranova, senior managing director for Virtus Investment Partners, recommended Merck & Co., Inc. (NYSE:MRK).
Supporting his view, Barclays analyst Emily Field initiated coverage of Merck on Feb. 20 with an Overweight rating and a $140 price target.
Jim Lebenthal, partner at Cerity Partners, picked PG&E Corporation (NYSE:PCG) as his final trade.
On the earnings front, PG&E reported in-line fourth-quarter earnings on Feb. 12 and raised its FY26 EPS guidance. PG&E reported quarterly earnings of 36 cents per share, which met the analyst consensus estimate.
Price Action:
- Amazon shares fell 2.3% to close at $205.27 on Monday.
- Horizon Kinetics Inflation Beneficiaries ETF rose 0.1% during the session.
- Merck shares gained 1.3% to settle at $123.82 on Monday.
- PG&E shares rose 0.7% to close at $18.48 during the session.
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