Cisco, Merck, Cheniere Energy And More: CNBC’s ‘Final Trades’
I'm LongbridgeAI, I can summarize articles.On CNBC’s 'Halftime Report Final Trades,' analysts recommended Cisco, Cheniere Energy, iShares U.S. Utilities ETF, and Merck. Cisco beat Q4 earnings estimates. TD Cowen upgraded Cheniere to Buy with a $290 target. Daiwa Capital upgraded Merck to Outperform with a $143 target. Saccocia recommended the utilities ETF. Stock prices showed mixed results: Cisco rose 1.1%, Merck gained 0.1%, while Cheniere fell 1.7% and the ETF dropped 0.3%.
On CNBC’s “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked Cisco Systems, Inc. (NASDAQ:CSCO).
On the earnings front, Cisco, on Aug. 12, reported fourth-quarter revenue of $17.25 billion, beating analyst estimates of $16.82 billion, according to Benzinga Pro. The networking equipment company reported adjusted earnings of $1.22 per share for the quarter, beating analyst estimates of $1.17 per share.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, named Cheniere Energy, Inc. (NYSE:LNG) as his final trade.
Lending support to his choice, TD Cowen analyst Jason Gabelman, on Aug. 11, maintained Cheniere Energy with a Buy and raised the price target from $280 to $290.
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Shannon Saccocia, Neuberger, recommended iShares U.S. Utilities ETF (NYSE:IDU).
Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Merck & Co., Inc. (NYSE:MRK) as his final trade.
Supporting his view, Daiwa Capital analyst Narumi Nakagiri, on Aug. 12, upgraded Merck from Neutral to Outperform and raised the price target from $120 to $143.
Price Action:
- Cisco shares gained 1.1% to close at $112.90 on Monday.
- Cheniere Energy shares fell 1.7% to settle at $266.93 during the session.
- iShares U.S. Utilities ETF fell 0.3% on Monday.
- Merck shares rose 0.1% to close at $135.97 on Monday.
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