Amazon, Natera And A Financial Stock: CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management expects Amazon.com, Inc. (NASDAQ:AMZN) to go higher.
The recommendation comes after a former Amazon employee accused the Seattle-based company of violating UK sanctions by selling its facial recognition technology to Russia. The ex-employee, Charles Forrest, has alleged that Amazon continued to supply the technology to Russia even after the country's invasion of Ukraine.
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Amy P. Raskin of Chevy Chase Trust said Natera, Inc. (NASDAQ:NTRA), a relatively small-cap biotech company, is doing really well.
On June 3, Jefferies analyst Tycho Peterson initiated coverage on Natera with a Buy rating and announced a price target of $142.
Joseph M. Terranova of Virtus Investment Partners named KKR & Co. Inc. (NYSE:KKR) as his final trade.
S&P Dow Jones Indices announced late Friday changes to various S&P indices, coinciding with the quarterly rebalance. KKR & Co shares rose sharply on Monday after it was announced the company will join the S&P 500. The investment management company KKR will take the place of Illumina Inc. (NASD:ILMN), respectively in the S&P 500 Index.
Price Action:
- Natera shares rose 0.4% to close at $111.66 during Monday's session.
- Amazon shares rose 1.5% to close at $187.06 on Monday.
- KKR shares jumped 11.2% to settle at $108.95 during Monday's session.
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