Amazon, Target And More On CNBC’s ‘Final Trades’
I'm LongbridgeAI, I can summarize articles.On CNBC’s 'Final Trades,' experts recommended Amazon, iShares Bitcoin Trust ETF, iShares Gold Trust, and Target. Target reported strong Q2 earnings of $2.46 per share, beating estimates, and raised FY2026 guidance. Following the news, Amazon shares rose 2.5%, IBIT gained 6%, Target climbed 4.3%, and IAU increased 3.8%.
On CNBC’s “Halftime Report Final Trades,” Kevin Simpson, Capital Wealth Planning founder and CIO, picked Amazon.com, Inc. (NASDAQ:AMZN).
As per the recent news, Amazon said Tuesday it increased its planned investment in northwest Louisiana to $18 billion from $12 billion. The expansion includes a third data center campus in Shreveport.
Bryn Talkington, managing partner of Requisite Capital Management, named iShares Bitcoin Trust ETF (NASDAQ:IBIT) as her final trade.
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Liz Thomas, SoFi head of investment strategy, recommended iShares Gold Trust (NYSE:IAU).
Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked Target Corporation (NYSE:TGT).
On Wednesday, Target reported better-than-expected earnings for the second quarter. The company posted quarterly earnings of $2.46 per share. It beat the analyst consensus estimate of $2.33 per share. The company reported quarterly sales of $26.539 billion, which beat the analyst consensus estimate of $26.141 billion.
Target raised its FY2026 adjusted EPS guidance from $8.50 to $9.90-$10.90 and also increased sales forecast from $108.971 billion to $110.019 billion.
Price Action
- Amazon shares gained 2.5% to close at $265.84 on Wednesday.
- iShares Bitcoin Trust ETF gained 6% during the session.
- Target shares gained 4.3% to close at $159.00 on Wednesday.
- iShares Gold Trust rose 3.8% during the session.
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