I'm LongbridgeAI, I can summarize articles.On CNBC’s 'Final Trades,' Joshua Brown selected Apple, Jason Snipe chose Goldman Sachs, and Stephanie Link recommended SLB. Apple's market cap grew to $4.6 trillion under new CEO John Ternus. Goldman Sachs received an upgrade from HSBC. SLB agreed to acquire Kelvion for $3.4 billion to expand its data center business. Despite analyst optimism, Apple shares rose 2.6%, while Goldman Sachs and SLB fell 1.8% and 4.9% respectively.
On CNBC’s “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Apple Inc. (NASDAQ:AAPL).
John Ternus succeeded Tim Cook as CEO on Tuesday, while Cook moved into the executive chairman role. Cook inherited Apple with a market value below $350 billion in 2011 and leaves Ternus with a roughly $4.6 trillion company spanning hardware and services.
Rosenblatt analyst Barton Crockett maintained Apple at Neutral on Tuesday and raised the price target from $300 to $303.
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Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, named The Goldman Sachs Group, Inc. (NYSE:GS) as his final trade.
Lending support to his choice, HSBC analyst Saul Martinez, on July 21, upgraded Goldman Sachs from Reduce to Hold and raised the price target from $834 to $995.
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, recommended SLB N.V. (NYSE:SLB).
As per the recent news, SLB, on Monday, agreed to acquire Kelvion from Apollo-managed funds, its majority owner, and Triton-advised funds, which hold a minority stake, for approximately $3.4 billion in cash and assume about $0.7 billion in debt.
This will strengthen its Data Center Solutions business and expand its presence in the rapidly growing data center infrastructure market.
Price Action
- Apple gained 2.6% to close at $325.13 on Tuesday.
- Goldman Sachs shares fell 1.8% to settle at $1,002.56 during the session.
- SLB shares fell 4.9% to close at $57.15 on Tuesday.
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