Amazon, Alphabet, Garmin And A Real Estate Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management named Amazon.com, Inc. (NASDAQ:AMZN) as his final trade.

Amazon just launched Amazon.co.za, its online shopping service in South Africa.

Customers in South Africa will be able to shop from a selection of local and international brands across 20 different product categories.

Jason Snipe of Odyssey Capital Advisors said Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) reported a 46% increase in operating income. “There's more room to go,” he added.

Alphabet is leveraging generative artificial intelligence (AI) for practical applications, focusing on cybersecurity with its new product, Google Threat Intelligence.

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Stephanie Link of Hightower picked AvalonBay Communities, Inc (NYSE:AVB).

On May 7, AvalonBay Communities priced its $400 million senior notes offering.

Joseph M. Terranova of Virtus Investment Partners named Garmin Ltd. (NASDAQ:GRMN), calling it as “interesting name.”

On May 1, Garmin reported fiscal first-quarter 2024 revenue growth of 20% year-on-year to $1.38 billion, beating the consensus of $1.25 billion.

The GPS navigation and wearable technology company’s proforma EPS of $1.42 beat the consensus of $1.01. Garmin reiterated a revenue outlook of $5.75 billion versus the consensus of $5.73 billion.

Price Action:

• Amazon shares rose 0.03% to close at $188.76 on Tuesday.
• Alphabet shares gained 1.9% to settle at $171.25 during Tuesday's session.
• AvalonBay Communities shares rose 0.4% to settle at $195.89 on Tuesday.
• Garmin shares gained 1.2% to close at $169.96 on Tuesday.

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