Target, Costco And A Major Healthcare Stock On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners said CVS Health Corporation CVS came back strong on news about Amazon.com, Inc. AMZN delivering prescriptions.

Amazon.com’s Amazon Pharmacy has launched Same-Day Delivery of prescription medication in New York City and the greater Los Angeles area.

On March 5, CVS Health reaffirmed its earlier issued full-year 2024 GAAP guidance of at least $7.06 per share and adjusted earnings guidance of at least $8.30 per share.

Jason Snipe of Odyssey Capital Advisors said he likes Costco Wholesale Corporation COST. The company’s EPS growth was up 19% in the last quarter, he added.

On March 7, Costco reported total revenue of $58.44 billion in the second quarter, which missed a Street consensus estimate of $59.16 billion, according to data from Benzinga Pro. The company reported net sales of $57.33 billion, which were up 5.7% year-over-year. The company said the net sales were impacted by the shift of the fiscal calendar.

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Stephanie Link of Hightower named Target Corporation TGT as her final trade.

On March 5, Target reported fourth-quarter FY23 revenue growth of 1.7% year-on-year to $31.92 billion, beating the analyst consensus estimate of $31.83 billion. Comparable sales declined 4.4% in the fourth quarter, reflecting comparable store sales declines of 5.4% and a comparable digital sales decline of 0.7%.

Price Action:

• CVS Health shares gained 0.4% to settle at $79.32 on Tuesday.
• Costco shares rose slightly to close at $730.98 on Tuesday.
• Target shares slipped to settle at $172.64 during Tuesday’s session.

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