On CNBC’s “Halftime Report Final Trades,” Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Corning Incorporated (NYSE:GLW) as his final trade.

As per recent news, Amazon.com, Inc. (NASDAQ:AMZN) locked in a multiyear, multibillion-dollar fiber-optics supply agreement with Corning on June 8. The deal ties Corning more directly to U.S. data center buildouts and domestic manufacturing expansion. As per the deal, Corning will supply optical fiber, cable and connectivity solutions for Amazon’s expanding U.S. data center infrastructure.

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Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, recommended MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI).

Lending support to his choice, Barclays analyst Tom O’Malley maintained MACOM with an Overweight rating on May 22 and raised the price target from $400 to $450.

MACOM Technology reported better-than-expected second-quarter financial results on May 7 and issued third-quarter guidance above estimates.

Price Action:

  • Corning shares jumped 11.1% to close at $194.92 on Thursday.
  • MACOM rose 6.6% to settle at $391.41 during the session.

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