On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Mark Mahaney took his target on Amazon.com, Inc. (NASDAQ:AMZN) to $280. “I think he is going to be right,” he added.
Amazon's 11th Prime Day event will commence on July 8 and run for four days, concluding on July 11. This marks a significant expansion, doubling the duration of last year's two-day event. As in previous years, early access promotions will be available.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, named American Express Company (NYSE:AXP) as his final trade.
On the earnings front, American Express will host a live audio webcast of its earnings conference call on Friday, July 18, to discuss the company’s second-quarter financial results.
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Jim Lebenthal of Cerity Partners picked Citigroup Inc. (NYSE:C), saying, "13% more until it gets to tangible book value."
Lending support to his choice, B of A Securities analyst Ebrahim Poonawala, on June 26, maintained Citigroup with a Buy and raised the price target from $89 to $100.
Stephanie Link, chief investment strategist and portfolio manager at Hightower, named Chipotle Mexican Grill, Inc. (NYSE:CMG) as her final trade.
Supporting her view, Barclays analyst Jeffrey Bernstein raised the price target from $52 to $54 on June 26.
Price Action:
- Amazon.com shares rose 0.5% to close at $220.46 on Tuesday.
- American Express rose 1.1% to settle at $322.53 during the session.
- Citigroup shares gained 1.4% to settle at $86.27 on Tuesday.
- Chipotle shares rose 3.7% to close at $58.24 on Tuesday.
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