HomeMarket NewsThe Investment Landscape: A Look at CNBC's 'Final Trades’

The Investment Landscape: A Look at CNBC’s ‘Final Trades’

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In a recent airing of CNBC’s “Halftime Report Final Trades,” the esteemed Joshua Brown of Ritholtz Wealth Management sang praises of Live Nation Entertainment, Inc. The aficionado expressed delight in the company’s stock reaching a fresh 52-week high, describing it as appearing “really good.”

On February 22, Live Nation made waves by reporting fourth-quarter revenue amounting to a whopping $5.84 billion, showcasing a substantial 36% year-over-year increase. The revenue figure soared past the Street consensus estimate of $4.77 billion, reflecting the company’s robust performance. Moreover, Live Nation reported adjusted earnings per share of $1.37, which well exceeded the Street’s projection of a loss of $1.03 per share.

Brenda Vingiello, representing Sand Hill Global Advisors, endorsed The Estée Lauder Companies Inc. (EL) as her final trade on the show. The brand’s impressive second-quarter financial results, announced on February 5, surpassed expectations. The financial report also introduced a restructuring initiative involving an estimated net reduction of approximately 3% to 5% of positions by June 30, 2023.

Bill Baruch of Blue Line Capital stood in favor of Alphabet Inc. (GOOG, GOOGL) as his pick. The tech giant’s autonomous driving unit, Waymo, recently revealed plans to introduce public driverless rides in Austin, Texas, later this year, a bold move directly challenging Tesla’s dominant position.

Jenny Van Leeuwen Harrington, from Gilman Hill Asset Management, LLC, chose Columbia Banking System, Inc. (COLB) as her recommended stock. Analysis dated March 13 by DA Davidson’s Jeff Rulis maintained a Neutral rating for Columbia Banking System, albeit with a reduced price target of $20. Citigroup analyst Ben Gerlinger echoed the sentiment by retaining a Neutral rating and lowering the price target to $20.

Price Action:

  • Live Nation Entertainment shares experienced a minor decline of 0.8%, settling at $103.41 by the closing bell on Thursday.
  • Estée Lauder observed a 3.2% decrease, closing at $152.84 for the session on Thursday.
  • Alphabet shares surged by 2.5%, concluding at $144.34 on Thursday.
  • Columbia Banking System shares faced a 4.2% drop, closing at $18.46 on Thursday.

Special Feature: Top 3 Health Care Stocks That Are Ticking Portfolio Bombs

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