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Netflix, Spotify, Charles Schwab And More On CNBC's 'Final Trades'

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Netflix, Spotify, Charles Schwab And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said Netflix, Inc. (NASDAQ:NFLX) is a defensive tech.

Netflix shares settled higher Tuesday following reports that the entertainment giant plans to double its revenue by 2030. According to a Wall Street Journal report, Netflix shared ambitious new growth targets at its annual business review meeting last month, including plans to double its revenue by 2030. The streaming giant reported $39 billion in total revenue last year.

Shannon Saccocia of NB Private Wealth picked iShares MSCI EAFE ETF (NYSE:EFA).

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Stephanie Link of Hightower named The Charles Schwab Corporation (NYSE:SCHW), saying cash deposits are improving.

On March 14, Charles Schwab said its core net new assets brought to the company by new and existing clients stood at $48.0 billion, up around 44% year-over-year. Transactional sweep cash increased by $4.7 billion to end February at $404.3 billion.

Joseph M. Terranova of Virtus Investment Partners picked Spotify Technology S.A. (NYSE:SPOT) as his final trade.

On Tuesday, UBS analyst Batya Levi maintained Spotify with a Buy rating but lowered the price target from $690 to $680.

Price Action:

  • Netflix shares gained 4.8% to close at $976.28 on Tuesday.
  • iShares MSCI EAFE ETF rose 0.9% during Tuesday's session.
  • Charles Schwab shares gained 0.4% to close at $77.19 on Tuesday.
  • Spotify gained 4.2% to settle at $572.39 during Tuesday's session.

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Posted-In: CNBC Halftime Report Final Trades Joseph M. Terranova Joshua BrownNews Markets Media Trading Ideas

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