I'm LongbridgeAI, I can summarize articles.CNBC traders highlighted FTAI Aviation, KLA, Oracle, and NVIDIA as final trades. Stephen Weiss selected FTAI Aviation, supported by Morgan Stanley's upgraded price target. Rob Sechan chose KLA following its earnings beat. Kevin Simpson praised NVIDIA's $12.93 billion acquisition of Hugging Face. Jim Lebenthal noted Oracle's momentum, backed by analyst upgrades. Stock performance showed KLA up 7.3%, Oracle up 3.1%, NVIDIA up 0.8%, while FTAI fell 1.6%.
On CNBC’s “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked FTAI Aviation Ltd. (NASDAQ:FTAI).
Supporting his choice, Morgan Stanley analyst Kristine Liwag, on Aug. 21, maintained FTAI Aviation with an Overweight rating and raised the price target from $319 to $360.
Rob Sechan, CEO of NewEdge Wealth, named KLA Corporation (NASDAQ:KLAC) as his final trade.
On the earnings front, KLA reported quarterly earnings of $1.05 per share on July 28, beating the analyst consensus estimate of $1 by 5%, according to Benzinga Pro data. Quarterly revenue came in at $3.66 billion, which beat the Street estimate of $3.6 billion.
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Kevin Simpson, founder and CEO of Capital Wealth Planning, said he likes NVIDIA Corporation’s (NASDAQ:NVDA) acquisition of Hugging Face.
Nvidia, on Sept. 3, said it agreed to acquire Hugging Face for $12.93 billion, bringing one of the world’s largest open artificial intelligence developer platforms under the AI chip giant’s roof. The deal would combine the company’s computing infrastructure and engineering resources with a platform used by more than 18 million developers, researchers and creators.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, said Oracle Corporation (NYSE:ORCL) has got good momentum.
On Sept. 4, Morgan Stanley analyst Keith Weiss maintained Oracle with an Equal-Weight rating and raised the price target from $207 to $210, while RBC Capital analyst Rishi Jaluria reiterated the stock with a Sector Perform and maintained a $190 price target.
Price Action
- FTAI Aviation shares fell 1.6% to close at $196.28 on Friday.
- KLA shares jumped 7.3% to settle at $185.60 during the session.
- Nvidia shares gained 0.8% to close at $230.36 on Friday.
- Oracle shares rose 3.1% to settle at $158.78.
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