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CNBC's Final Trades: Amazon, FedEx And These Health Care Picks

Stock Markets Mar 20, 2022 22:40
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On CNBC’s “Halftime Report Final Trades,” Brenda Vingiello of Sand Hill Global Advisors said that Amazon.com, Inc. (NASDAQ: NASDAQ:AMZN) had “invested very heavily in the business last year.” One of its investments was in logistics, Vingiello added.

She mentioned the company is unlikely to invest as heavily this year. It’s an environment of high labor costs, which are baked into the numbers. “We think there could be some surprise on the margin from that lack of additional spending this year,” Vingiello said.

Jason Snipe of Odyssey Capital Advisors chose Health Care Select Sector SPDR Fund (NYSEARCA: XLV), saying “return to preventive care, return to elective surgeries, strong pharma pipelines here, so I like healthcare.”

Also See: CNBC's Final Trades: HealthEquity, Carlyle, Cameco, Citigroup (NYSE:C) And This Retailer

Stephen Weiss of Short Hills Capital Partners named FedEx Corporation (NYSE: NYSE:FDX) as his final trade. “The quarter came in as I expected, but for different reasons,” Weiss said. “They are right on the money on the top-line. The bottom-line they missed. I thought it would be because of labor and oil, but they managed that pretty well,” he added. “At 10x earnings, I added more to it today [Friday] on the further decline in stock,” Weiss mentioned.

Jon Najarian chose Boston Scientific Corporation (NYSE: NYSE:BSX) as his pick, citing the company’s “medical surgical sales and cardiovascular, double-digit growth.”

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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CNBC's Final Trades: Amazon, FedEx And These Health Care Picks
 

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