I'm LongbridgeAI, I can summarize articles.On CNBC’s 'Final Trades', Malcolm Ethridge selected Okta, upgraded by Scotiabank, while Shannon Saccocia chose iShares U.S. Financials ETF and Bryn Talkington recommended Horizon Kinetics Inflation Beneficiaries ETF. Joshua Brown picked Amazon, which beat Q2 earnings and revenue estimates. Okta shares rose 2.6%, Amazon gained 3.9%, the financial ETF upped 0.4%, and the inflation ETF rose 1%.
On CNBC’s “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, named Okta, Inc. (NASDAQ:OKTA) as his final trade.
Lending support to his choice, Scotiabank analyst Patrick Colville, on July 6, upgraded Okta from Sector Perform to Sector Outperform and raised the price target from $135 to $165.
Shannon Saccocia, chief investment officer – Wealth for Neuberger, picked iShares U.S. Financials ETF (NYSE:IYF).
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Bryn Talkington, managing partner of Requisite Capital Management, recommended Horizon Kinetics Inflation Beneficiaries ETF (NYSE:INFL).
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Amazon.com, Inc. (NASDAQ:AMZN).
Amazon.com posted upbeat financial results for the second quarter on Thursday after the closing bell. Amazon reported second-quarter revenue of $200.61 billion, beating the consensus estimate of $196.46 billion, according to Benzinga Pro. The company posted second-quarter earnings of $5.75 per share, beating analyst estimates of $1.82 per share.
Price Action:
- Okta shares gained 2.6% to close at $140.42 on Thursday.
- iShares U.S. Financials ETF gained 0.4% during the session.
- Amazon shares gained 3.9% to close at $235.50 on Thursday.
- Horizon Kinetics Inflation Beneficiaries ETF rose 1% during the session.
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