SLB, Target, Transocean And A Tech Stock Stock On CNBC’s ‘Final Trades’

Target Corporation
Monolithic Power Systems, Inc.
SLB Limited
Transocean Ltd.

Target Corporation

TGT

0.00

Monolithic Power Systems, Inc.

MPWR

0.00

SLB Limited

SLB

0.00

Transocean Ltd.

RIG

0.00

On CNBC’s “Halftime Report Final Trades,” Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, named Target Corporation (NYSE:TGT) as her final trade.

Lending support to her choice, Wells Fargo analyst Edward Kelly, on July 30, maintained Target with an Overweight rating and raised the price target from $140 to $165.

Rob Sechan, CEO of NewEdge Wealth, picked Monolithic Power Systems, Inc. (NASDAQ:MPWR).

Monolithic Power, on Thursday, reported better-than-expected second-quarter financial results and issued strong third-quarter sales guidance.

Monolithic Power reported quarterly earnings of $6.50 per share, which beat the analyst consensus estimate of $5.87 per share. The company reported quarterly sales of $980.642 million, which beat the analyst consensus estimate of $902.496 million.

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Amy Raskin, chief investment officer at Chevy Chase Trust, recommended SLB N.V. (NYSE:SLB), an energy stock.

Supporting her view, SLB, on July 24, reported better-than-expected second-quarter financial results.

Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Transocean Ltd. (NYSE:RIG) ahead of quarterly earnings.

Transocean will report earnings for the second quarter on Wednesday, Aug. 5, after the closing bell. Analysts expect the company to report quarterly earnings at 1 cent per share on revenue of $962.88 million.

Price Action:

  • Target shares slipped 0.01% to close at $144.49 on Friday.
  • Monolithic Power shares gained 8.4% to close at $1,426.03 during the session.
  • SLB shares gained 1.4% to close at $49.59 on Friday.
  • Transocean shares rose 4.7% to settle at $5.32 during the session.

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