Amazon, Coupang And A Utility Stock On CNBC's 'Final Trades'

Author: Avi Kapoor | August 08, 2024 09:21am

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Amazon.com, Inc. (NASDAQ:AMZN) as his final trade.

On Aug. 6, Morgan Stanley analyst Brian Nowak maintained Amazon.com with an Overweight rating, while cutting the price target from $240 to $210.

Karen Firestone of Aureus Asset Management said NextEra Energy, Inc. (NYSE:NEE) will be able to finance their projects with lower interest rates. The stock looks like it's breaking out, she added.

On July 24, NextEra Energy posted downbeat results for the second quarter. The company reported quarterly earnings of 96 cents per share which missed the analyst consensus estimate of 98 cents per share. The company reported quarterly sales of $6.069 billion which missed the analyst consensus estimate of $7.47 billion.

Don't forget to check out our premarket coverage here.

Joseph M. Terranova of Virtus Investment Partners picked Coupang, Inc. (NYSE:CPNG).

On Aug. 6, Coupang posted a profit for the second quarter. The company reported quarterly earnings of 7 cents per share which beat the analyst consensus estimate for a loss of 1 cent per share. The company reported quarterly sales of $7.32 billion which missed the analyst consensus estimate of $7.38 billion.

Price Action:

• Amazon shares gained 0.5% to close at $162.77 on Wednesday.
• NextEra Energy gained 0.8% to settle at $77.56 during Wednesday's session.
• Coupang shares rose 2.6% to settle at $21.21 on Wednesday.

Check This Out:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

Posted In: AMZN CPNG NEE