Amazon, Netflix, Cisco And A Big US Bank: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown of 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 Harrington of 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.

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Stephanie Link of Hightower named Bank of America Corporation BAC 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. Terranova of 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.

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