On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Applied Materials, Inc. (NASDAQ:AMAT) as his final trade.
On Dec. 5, Morgan Stanley analyst Joseph Moore downgraded Applied Materials from Equal-Weight to Underweight and lowered the price target from $179 to $164.
Liz Young Thomas of SoFi picked The Materials Select Sector SPDR Fund (NYSE:XLB).
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Joseph M. Terranova of Virtus Investment Partners named Coupang, Inc. (NYSE:CPNG).
On Nov. 6, Coupang reported third-quarter results. Net revenues rose 27% year over year (+32% on an FX-neutral basis) to $7.9 billion, beating the consensus of $7.76 billion. Excluding Farfetch, net revenue growth was 20% on a reported basis and 25% FX-neutral.
Joshua Brown of Ritholtz Wealth Management named Starbucks Corporation (NASDAQ:SBUX) as his final trade.
On Nov. 26, Wells Fargo analyst Zachary Fadem maintained Starbucks with an Overweight and raised the price target from $110 to $115.
Price Action:
- Applied Materials shares gained 0.8% to close at $163.87 during Thursday’s session.
- The Materials Select Sector SPDR Fund fell 1.1% on Thursday.
- Coupang shares gained 1.4% to settle at $22.29 on Thursday.
- Starbucks shares gained 1% to close at $92.17.
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