On CNBC’s “Halftime Report Final Trades,” Degas Wright of Decatur Capital Management chose Cadence Design Systems Inc (NASDAQ:CDNS), saying the company “makes design tools to develop microchips and has a 20% earnings growth rate.”
Joseph Terranova of Virtus Investment Partners said that Amazon.com, Inc. (NASDAQ:AMZN) is “not a matter of if, it’s a matter of when I will get into this stock.” Amazon’s stock “has the most potential for upside of the FAANGs obviously,” he added. Referring to Amazon’s 20-for-1 stock split by the end of the quarter, Terranova mentioned that the stock is “about to retake the 20-day moving average, which it hasn’t been above since the early days of January.” Check other stocks making big moves in the premarket.