Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Joshua Brown of Ritholtz Wealth Management said Live Nation Entertainment, Inc. (NYSE: LYV) surged to a fresh 52-week high. The stock is looking "really good," he added.
On Feb. 22, Live Nation reported fourth-quarter revenue of $5.84 billion, which was up 36% year-over-year. The revenue beat a Street consensus estimate of $4.77 billion according to data from Benzinga Pro. The company reported adjusted earnings per share of $1.37, which beat a Street estimate of a loss of $1.03 per share.
Brenda Vingiello of Sand Hill Global Advisors named The Estée Lauder Companies Inc. (NYSE: EL) as her final trade.
On Feb. 5, Estee Lauder reported better-than-expected second-quarter financial results and announced a restructuring program, which included an estimated net reduction of roughly 3% to 5% of its positions as of June 30, 2023.
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Bill Baruch of Blue Line Capital picked Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL).
Alphabet’s autonomous driving unit, Waymo, announced plans to offer public driverless rides in Austin, Texas, later this year, directly targeting Tesla‘s home turf.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named Columbia Banking System, Inc. (NASDAQ: COLB).
On March 13, DA Davidson analyst Jeff Rulis maintained Columbia Banking System with a Neutral rating and lowered the price target from $25 to $20. Citigroup analyst Ben Gerlinger maintained a Neutral rating on the stock and lowered the price target from $25 to $20.
Price Action:
- Live Nation Entertainment shares fell 0.8% to close at $103.41 on Thursday.
- Estée Lauder fell 3.2% to $152.84 during Thursday’s session.
- Alphabet shares rose 2.5% to settle at $144.34 on Thursday.
- Columbia Banking System shares fell 4.2% to close at $18.46 on Thursday.
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