In a half-time report on the final operations, Joshua Brown of Ritholtz Wealth Management expressed his continued support for Amazon.com, Inc. (AMZN) despite the stock trading lower on Tuesday. Meanwhile, a California labor regulator fined Amazon $5.9 million for allegedly not informing workers about productivity quotas at two warehouses. Jenny Van Leeuwen Harrington of Gilman Hill Asset Management highlighted Cisco Systems, Inc. (CSCO) due to its 3.5% yield and 12.8 times earnings ratio. Cisco is set to establish a cybersecurity center in Taiwan in collaboration with the local government to bolster cybersecurity workforce and infrastructure, as part of efforts to address high cyber threat levels in the region.
Stephanie Link of Hightower recommended Bank of America Corporation (BAC) as their latest pick, following an upgrade by Keefe, Bruyette & Woods analyst David Konrad from Market Perform to Outperform with a raised price target. José M. Terranova of Virtus Investment Partners selected Netflix, Inc. (NFLX) as a preferred choice. Loop Capital analyst Alan Gould maintained a Buy rating on Netflix and raised the price target from $700 to $750 ahead of the company’s upcoming second quarter financial results release on July 18th.
In terms of price action, Amazon saw a 0.7% decline to close at $182.81 on Tuesday, Cisco shares rose 0.6% to close at $45.97, Bank of America gained 1.2% to close at $39.99, and Netflix increased by 1.5% to close at $685.67 on Tuesday. Wall Street analysts have weighed in on real estate stocks with dividend yields over 8%, providing insights into the market trends and opportunities for investors. Market news and data are sourced from Benzinga APIs, with all rights reserved to Benzinga.com which does not provide investment advice.
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