Amazon, Netflix, Cisco And A Big US Bank: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
CNBC's 'Halftime Report Final Trades' featured Amazon, Cisco, Bank of America, and Netflix. Analysts provided insights and updates on these companies, including regulatory fines, earnings, and price target upgrades.
June 20, 2024 | 12:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Amazon was fined $5.9 million by a California labor regulator for not informing workers of productivity quotas. Despite this, Joshua Brown still likes the stock.
The fine could negatively impact Amazon's stock in the short term due to regulatory concerns. However, the analyst's positive sentiment may mitigate some of the downside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Bank of America was upgraded by Keefe, Bruyette & Woods from Market Perform to Outperform, with a price target increase from $37 to $46.
The upgrade and increased price target are strong positive signals that are likely to drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Cisco has a 3.5% yield and is trading at 12.8 times earnings. The company plans to establish a cybersecurity center in Taiwan.
The positive yield and earnings multiple, along with the new cybersecurity initiative, are likely to boost investor confidence and positively impact the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Loop Capital analyst Alan Gould maintained a Buy rating on Netflix and increased the price target from $700 to $750. Netflix is expected to post Q2 2024 results on July 18.
The maintained Buy rating and increased price target, along with upcoming earnings, are likely to positively impact Netflix's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100