Netflix, AbbVie, Cerebras Systems And An Energy Stock On CNBC’s ‘Final Trades’
On CNBC’s “ Halftime Report Final Trades,” Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, said he likes AbbVie Inc. (NYSE: ABBV ). Supporting his choice, Canaccord Genuity analyst Gary Nachman maintained AbbVie with a Buy rating on Wednesday and raised the price target from $273 to $282. Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Transocean Ltd. (NYSE: RIG ) ahead of quarterly earnings. Transocean will report second quarter earnings and issue a fleet status report on Wednesday, Aug. 5, after the closing bell. Analysts expect the company to report quarterly earnings at 1 cent per share on revenue of $962.88 million. Don’t forget to check out our premarket coverage here Malcolm Ethridge, managing partner at Capital Area Planning Group, named Cerebras Systems Inc. (NASDAQ: CBRS ) as his final trade. As per the...
On CNBC’s “ Halftime Report Final Trades,” Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, said he likes AbbVie Inc. (NYSE: ABBV ).
Supporting his choice, Canaccord Genuity analyst Gary Nachman maintained AbbVie with a Buy rating on Wednesday and raised the price target from $273 to $282.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Transocean Ltd. (NYSE: RIG ) ahead of quarterly earnings.
Transocean will report second quarter earnings and issue a fleet status report on Wednesday, Aug.
5, after the closing bell.
Analysts expect the company to report quarterly earnings at 1 cent per share on revenue of $962.88 million.
Don’t forget to check out our premarket coverage here Malcolm Ethridge, managing partner at Capital Area Planning Group, named Cerebras Systems Inc. (NASDAQ: CBRS ) as his final trade.
As per the recent news, CrowdStrike Holdings Inc. (NASDAQ: CRWD ) and Cerebras Systems, on Wednesday, announced a strategic partnership to strengthen artificial intelligence-powered cybersecurity.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, recommended Netflix, Inc. (NASDAQ: NFLX ).
On the earnings front, Netflix, on July 16, reported mixed second-quarter financial results and issued weak guidance for the third quarter.
Netflix reported second-quarter revenue of $12.56 billion, up 13% year-over-year.
The revenue total missed a Street estimate of $12.59 billion, according to data Pro.
Second-quarter earnings of 80 cents per share beat a Street consensus estimate of 79 cents per share.
Price Action AbbVie shares gained 1.4% to close at $256.92 on Thursday.
Transocean shares rose 0.4% to settle at $5.32 during the session.
Cerebras Systems shares surged 4.9% to close at $220.00 on Thursday.
Netflix shares gained 0.5% to close at $68.89 during the session.
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