Amazon, JPMorgan, RH And More: CNBC's 'Final Trades'

Zinger Key Points

On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said Amazon.com, Inc. AMZN is 30% off the 52-week high level.

Adding support to his choice, WestPark Capital analyst Curtis Shauger, on April 1, initiated coverage on Amazon.com with a Buy rating and announced a price target of $280.

Stephen L. Weiss of Short Hills Capital Partners named U.S. 2 Year Treasury as his final trade.

Jim Lebenthal of Cerity Partners picked JPMorgan Chase & Co. JPM ahead of first-quarter earnings.

JPMorgan will host a conference call to review first-quarter financial results on Friday, April 11. Analysts expect the bank to report quarterly earnings at $4.65 per share, up from $4.44 per share in the year-ago period. JPMorgan projects quarterly revenue of $44.05 billion, compared to $41.93 billion a year earlier.

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Bryn Talkington of Requisite Capital Management said RH RH is another name she likes in her Vietnam basket.

On the earnings front, RH, on April 2, reported fourth-quarter revenue of $812.41 million, missing the consensus estimate of $829.56 million, according to Benzinga Pro. The luxury retailer reported fourth-quarter adjusted earnings of $1.58 per share, missing analyst estimates of $1.92 per share.

Price Action:

  • JPMorgan shares dipped 7.5% to close at $210.28 on Friday.
  • Amazon shares fell 4.2% to close at $171.00 during Friday's session.
  • RH shares declined 2.5% to settle at $145.66 on Friday.

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