Amazon, Qualcomm And A Consumer Cyclical Stock: CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management named Amazon.com, Inc. (NASDAQ:AMZN), which hit another high, surpassing the $200 level on Friday.
Australia's top-secret intelligence data will be migrated to the cloud under a $2 billion deal with Amazon.com's cloud service Amazon Web Services. This decision is expected to enhance the country's defense force interoperability with the United States.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC picked Ardagh Metal Packaging S.A. (NYSE:AMBP), which has a 12% yield.
Ardagh Metal Packaging is expected to report second-quarter results on July 25. Analysts expect the Luxembourg-based company report quarterly earnings at 5 cents per share, up from 4 cents per share in the year-ago period. Ardagh Metal Packaging is projected to post revenue of $1.3 billion, compared to $1.25 billion in the year-earlier quarter.
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Jim Lebenthal of Cerity Partners named QUALCOMM Incorporated (NASDAQ:QCOM) as his final trade.
On June 19, Qualcomm agreed to pay $75 million to settle a lawsuit with its shareholders, marking a victory for investors where Apple and global regulators previously failed.
Price Action:
- Amazon shares gained 1.2% to close at $200.00 during Friday's session.
- Ardagh Metal Packaging rose 1.5% to settle at $3.40 during Friday's session.
- QUALCOMM shares gained 1% to close at $205.75 during Friday's session.
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