Amazon, Okta And More: CNBC’s ‘Final Trades’

On CNBC’s “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, named Okta, Inc. (NASDAQ:OKTA) as his final trade.

Lending support to his choice, Scotiabank analyst Patrick Colville, on July 6, upgraded Okta from Sector Perform to Sector Outperform and raised the price target from $135 to $165.

Shannon Saccocia, chief investment officer – Wealth for Neuberger, picked iShares U.S. Financials ETF (NYSE:IYF).

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Bryn Talkington, managing partner of Requisite Capital Management, recommended Horizon Kinetics Inflation Beneficiaries ETF (NYSE:INFL).

Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Amazon.com, Inc. (NASDAQ:AMZN).

Amazon.com posted upbeat financial results for the second quarter on Thursday after the closing bell. Amazon reported second-quarter revenue of $200.61 billion, beating the consensus estimate of $196.46 billion, according to Benzinga Pro. The company posted second-quarter earnings of $5.75 per share, beating analyst estimates of $1.82 per share.

Price Action:

• Okta shares gained 2.6% to close at $140.42 on Thursday.
• iShares U.S. Financials ETF gained 0.4% during the session.
• Amazon shares gained 3.9% to close at $235.50 on Thursday.
• Horizon Kinetics Inflation Beneficiaries ETF rose 1% during the session.

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