On CNBC's "Halftime Report Final Trades," Jason Snipe of Odyssey Capital Advisors said he likes Amazon.com, Inc. (NASDAQ:AMZN), with advertising growing nicely.
The remarks echo what MNTN CEO Mark Douglas said about Amazon's growing focus on performance advertising during CNBC's "Last Call" on April 30.
Also, Amazon.com's Amazon Web Services (AWS) just announced plans to invest $6.2 billion (about MYR 29.2 billion) in Malaysia through 2038. The new AWS Region in Malaysia is expected to contribute around $12.1 billion (MYR 57.3 billion) to the country's GDP and support over 3,500 full-time equivalent jobs annually through 2038.
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Anastasia Amoroso of iCapital named iShares U.S. Real Estate ETF (NYSE:IYR), saying commercial real estate has done really well in the recent period, but is down 16% from its all-time highs. "The turnout is starting now," she added.
Stephanie Link of Hightower said Target Corporation (NYSE:TGT) is on the road to recovery in product and pricing.
On Aug. 21, Target reported better-than-expected second-quarter financial results and raised FY24 EPS outlook. Quarterly adjusted earnings per share totaled $2.57 (+40%), beating the street view of $2.20. Target reported sales of $25.45 billion (+2.7%), exceeding the analyst consensus of $25.229 billion.
Joshua Brown of Ritholtz Wealth Management picked JPMorgan Chase & Co. (NYSE:JPM).
On Aug. 9, JPMorgan provided an artificial intelligence assistant to more than 60,000 employees, with plans to eventually make the technology available throughout the company. The program, called LLM Suite, is designed to help employees with tasks such as writing emails and reports, CNBC reported.
Price Action:
- iShares U.S. Real Estate ETF gained 0.4% during Thursday's session.
- Target shares fell 1.5% to close at $156.82 during Thursday's session.
- Amazon fell 2.2% to settle at $176.13 on Thursday.
- JPMorgan shares 1% to close at $216.63.
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