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Starbucks, AutoZone, Deckers Outdoor And A Tech Stock On CNBC's 'Final Trades'
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Starbucks, AutoZone, Deckers Outdoor And A Tech Stock On CNBC's 'Final Trades'
Feb 5, 2025 6:00 AM

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said Starbucks Corporation ( SBUX ) hit a new 52-week high on Tuesday, but not an all-time high, that's closer to 120. The company reported great earnings results, he noted.

On Jan. 28, Starbucks ( SBUX ) reported first-quarter revenue of $9.4 billion, beating the consensus estimate of $9.32 billion. The coffee giant reported first-quarter earnings of 69 cents per share, beating analyst estimates of 66 cents per share, according to Benzinga Pro.

Jason Snipe of Odyssey Capital Advisors picked AutoZone, Inc ( AZO ). , saying Advance Auto Parts, Inc ( AAP ). plans to close 700 stores this year. AutoZone ( AZO ) will continue to grab market share, he added.

Adding support to his choice, Barclays analyst Matthew McClintock, on Jan. 9, maintained AutoZone ( AZO ) with an Overweight and raised the price target from $3024 to $3585. On the earnings front, AutoZone ( AZO ) will release results for its second quarter, before the market opens on Tuesday, March 4.

Don't forget to check out our premarket coverage here

In the tech stocks, Brian Belski of BMO Capital Markets named Sonos, Inc ( SONO ). as his final trade.

In the wake of a contentious app update, Sonos ( SONO ) CEO Patrick Spence stepped down. Spence's departure follows an app update that decreased sales and customer satisfaction for Sonos ( SONO ). Interim CEO Tom Conrad, in a communication to staff, acknowledged the company's errors and stressed the importance of rebuilding customer trust, as reported by The Verge.

Rounding out the trades, Stephanie Link of Hightower Advisors said Deckers Outdoor Corporation ( DECK ) is down 21% in the past week and has gone from 38 times earnings to 28 times earnings.

Adding support to his choice, Deckers Outdoor ( DECK ), on Jan. 30, reported quarterly earnings of $3 per share which beat the analyst consensus estimate of $2.55. Quarterly revenue came in at $1.83 billion which beat the analyst consensus estimate of $1.73 billion and is an increase over sales of $1.56 billion from the same period last year

Price Action:

Starbucks ( SBUX ) shares gained 2.3% to close at $110.60 on Tuesday.

AutoZone ( AZO ) shares climbed 0.8% to settle at $3,459.00 during Tuesday's session.

Sonos ( SONO ) shares rose 6.3% to close at $14.42 on Tuesday.

Deckers Outdoor ( DECK ) shares fell 0.7% to settle at $169.49 during the session.

Check This Out:

Jim Cramer Says No To BigBear.ai, Recommends Buying This Tech Stock

Image: Shutterstock

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