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News

Amazon, Natera And A Financial Stock: CNBC's 'Final Trades'

Author: Avi Kapoor | June 11, 2024 09:29am

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management expects Amazon.com, Inc. (NASDAQ:AMZN) to go higher.

The recommendation comes after a former Amazon employee accused the Seattle-based company of violating UK sanctions by selling its facial recognition technology to Russia. The ex-employee, Charles Forrest, has alleged that Amazon continued to supply the technology to Russia even after the country's invasion of Ukraine.

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Amy P. Raskin of Chevy Chase Trust said Natera, Inc. (NASDAQ:NTRA), a relatively small-cap biotech company, is doing really well.

On June 3, Jefferies analyst Tycho Peterson initiated coverage on Natera with a Buy rating and announced a price target of $142.

Joseph M. Terranova of Virtus Investment Partners named KKR & Co. Inc. (NYSE:KKR) as his final trade.

S&P Dow Jones Indices announced late Friday changes to various S&P indices, coinciding with the quarterly rebalance. KKR & Co shares rose sharply on Monday after it was announced the company will join the S&P 500. The investment management company KKR will take the place of Illumina Inc. (NASD:ILMN), respectively in the S&P 500 Index.

Price Action:

  • Natera shares rose 0.4% to close at $111.66 during Monday's session.
  • Amazon shares rose 1.5% to close at $187.06 on Monday.
  • KKR shares jumped 11.2% to settle at $108.95 during Monday's session.

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Posted In: AMZN ILMN KKR NTRA