I'm LongbridgeAI, I can summarize articles.Amazon announced a $12 billion investment in data centers in Louisiana, expected to create 540 full-time jobs. Merck received positive coverage from Barclays with an Overweight rating and a $140 price target. Horizon Kinetics Inflation Beneficiaries ETF showed slight growth, while PG&E reported in-line earnings and raised its FY26 EPS guidance. Amazon shares fell 2.3%, Merck rose 1.3%, and PG&E increased by 0.7% during the session.
On CNBC's “Halftime Report Final Trades,” Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, named Amazon.com, Inc. (NASDAQ:AMZN) as his final trade.
As per the recent news, Amazon.com announced a $12 billion investment in northwest Louisiana on Monday. The investment is earmarked for the development of data centers, which are projected to generate 540 full-time positions and support an additional 1,710 full-time equivalent roles in the community.
Bryn Talkington, managing partner of Requisite Capital Management, picked Horizon Kinetics Inflation Beneficiaries ETF (NYSE:INFL).
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Joe Terranova, senior managing director for Virtus Investment Partners, recommended Merck & Co., Inc. (NYSE:MRK).
Supporting his view, Barclays analyst Emily Field initiated coverage of Merck on Feb. 20 with an Overweight rating and a $140 price target.
Jim Lebenthal, partner at Cerity Partners, picked PG&E Corporation (NYSE:PCG) as his final trade.
On the earnings front, PG&E reported in-line fourth-quarter earnings on Feb. 12 and raised its FY26 EPS guidance. PG&E reported quarterly earnings of 36 cents per share, which met the analyst consensus estimate.
Price Action:
- Amazon shares fell 2.3% to close at $205.27 on Monday.
- Horizon Kinetics Inflation Beneficiaries ETF rose 0.1% during the session.
- Merck shares gained 1.3% to settle at $123.82 on Monday.
- PG&E shares rose 0.7% to close at $18.48 during the session.
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