Nvidia, Microsoft, ServiceNow And More On CNBC’s ‘Final Trades’
Complete. Here is the key summaryExperts on CNBC recommended buying NVDA, TOST, MSFT, and NOW. Nvidia appointed a lobbyist amid US-China tensions; Toast received an Overweight rating from Piper Sandler; Microsoft announced job cuts but shares rose; ServiceNow was upgraded to Buy by Guggenheim. All four stocks closed with slight gains.
On CNBC’s “Halftime Report Final Trades,” Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended NVIDIA Corporation (NASDAQ:NVDA).
Nvidia, on June 12, expanded its Washington D.C. presence by appointing veteran lobbyist Bruce Andrews to steer its government affairs as U.S.-China tensions over advanced AI chips continue to escalate. Andrews will serve as its chief external affairs officer, reporting to General Counsel Tim Teter.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Toast, Inc. (NYSE:TOST) as his final trade.
Supporting his view, Piper Sandler analyst Billy Fitzsimmons assumed coverage of Toast on June 11, assigning an Overweight rating and setting a price target of $32.
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Rob Sechan, CEO of NewEdge Wealth, picked Microsoft Corporation (NASDAQ:MSFT).
According to recent news, Microsoft announced 4,800 job eliminations in a company note on Monday.
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, recommended buying ServiceNow, Inc. (NYSE:NOW).
Supporting her view, Guggenheim analyst John Difucci upgraded ServiceNow from Neutral to Buy on July 1 and set a $125 price target.
Price Action:
- Nvidia shares gained 0.7% to close at $196.93 on Tuesday.
- Toast shares rose 0.4% to settle at $29.61 during the session.
- Microsoft shares gained 0.5% to close at $388.84 on Tuesday.
- ServiceNow shares rose 2.6% to settle at $110.73 during the session.
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