On CNBC’s “Halftime Report Final Trades,” Karen Firestone of Aureus Asset Management said American Tower Corp’s AMT stock had declined by 40% on “fears of FX and interest rates.” The company has long-term contracts, is “about data and voice all around the world and that number is increasing with time” and, with escalation clauses in their contracts, the stock is “overdone and is a buy here,” she added.
Check out other stocks making moves in the premarket.
Joshua Brown of Ritholtz Wealth Management said Dutch Bros Inc. BROS got “a big upgrade” from JPMorgan Chase & Co. JPM. “I think this stock has been completely washed out. It’s 30% below where it was the last time they reported earnings. This is a company that’s gonna grow from 600 stores to thousands of stores in the next few years,” he stated.
Stephen Weiss of Short Hills Capital Partners said that if he owned Deere & Company DE he would sell it after the stock’s major bounce back. Weiss said he believes the bounce back is “too much,” although this is not a recommendation to short it, just to take profits if you owned it.
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