On CNBC’s “Halftime Report Final Trades,” Shannon Saccocia of Boston Private said that Amazon.com, Inc. (NASDAQ:AMZN) is “continuing to work through the pandemic distortions.” The company is over capacitated to meet the consumer demand, she added.
Amazon has a great opportunity to expand its footprint by the second half of 2023, Saccocia stated. Advertising for AWS has risen by 25% year-over-year, she mentioned.
Rob Sechan of New Edge Capital Group chose Regeneron Pharmaceuticals Inc. (NASDAQ:EGN) saying that this is going to be a big week for the health care sector. “We are going to look to see if it can continue the momentum. It has it up 18% year-to-date.”
Check out other stocks making moves in the premarket.
Jim Lebenthal of Cerity Partners said one could follow either price or “what the company is doing,” and said selling Boeing Co. (NYSE:BA) was “the wrong thing” on price.
Stephen Weiss of Short Hills Capital Partners named Alphabet Inc. (NASDAQ:GOOGL) as his final trade.
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