Alibaba, IBM, Nu Holdings And More: CNBC's 'Final Trades'
Alibaba Group Holding Ltd. Sponsored ADR BABA | 122.05 | -1.36% |
IBM Corp IBM | 248.16 | +2.06% |
Nu Holdings NU | 14.15 | -2.01% |
iShares U.S. Healthcare ETF IYH | 61.65 | -0.76% |
On CNBC's “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, said International Business Machines Corporation (NYSE:IBM) is expected to report good earnings next week.
IBM is scheduled to report quarterly earnings on Jan. 28. Analysts expect the company to report earnings at $4.29 per share on revenue of $19.23 billion.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said momentum returned to Alibaba Group Holding Limited (NYSE:BABA) and it is expected to do well.
According to recent news, Alibaba has struck a nuclear power partnership in China, underscoring how artificial intelligence is reshaping global energy strategies. The Chinese e-commerce giant is moving to secure the massive electricity demand required for AI data centers by forming an electricity generation venture with a leading Chinese nuclear power group
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Shannon Saccocia, chief investment officer of NB Private Wealth, named iShares U.S. Healthcare ETF (NYSE:IYH) as her final trade.
Joe Terranova, senior managing director for Virtus Investment Partners, picked Nu Holdings Ltd. (NYSE:NU), a financial stock, which is breaking out.
As per recent news, Nu and the Mercedes-AMG PETRONAS F1 Team on Wednesday disclosed a new multi-year partnership, establishing Nu as an Official Team Partner ahead of the 2026 FIA Formula One World Championship Season.
Price Action:
- IBM shares gained 2.1% to close at $297.54 on Wednesday.
- Alibaba surged 3.9% to settle at $168.67 during the session.
- iShares U.S. Healthcare ETF gained 1.8% on Wednesday.
- Nu Holdings shares gained 1.6% to close at $17.24 during the session.
Photo: Shutterstock
