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ConocoPhillips, Berkshire Hathaway, Valero Energy And A Tech Stock With 'A Long Runway': CNBC's 'Final Trades'

Published 28/08/2023, 13:58
© Reuters ConocoPhillips, Berkshire Hathaway, Valero Energy And A Tech Stock With 'A Long Runway': CNBC's 'Final Trades'
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Benzinga - by Priya Nigam, Benzinga Staff Writer.

On CNBC’s "Halftime Report Final Trades," Karen Firestone of Aureus Asset Management said Autodesk, Inc’s (NASDAQ: ADSK) stock has been weak over the past year and a half, but they reported a decent quarter. "We think there is a long runway now," she added.

The company reported quarterly earnings of $1.91 per share, which beat the analyst consensus estimate of $1.72. The company reported quarterly sales of $1.34 billion, which beat the analyst consensus estimate of $1.32 billion.

Rob Sechan said ConocoPhillips (NYSE: COP) is one of the best names in the space.

ConocoPhillips reported second-quarter adjusted EPS of $1.84, missing the consensus of $1.94.

Jim Lebenthal of Cerity Partners named Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) as his final trade.

The company’s shares added around 17% over the past six months.

Benzinga's analyst ratings data shows a consensus Buy rating on Berkshire Hathaway.

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Joseph Terranova Virtus Investment Partners picked Valero Energy Corporation (NYSE: VLO).

Valero Energy reported second-quarter revenues of $34.5 billion, beating the consensus of $34.37 billion.

Price Action: Valero Energy shares gained 2.8% to settle at $133.12, while Berkshire Hathaway shares rose 0.5% to close at $355.93 on Friday. ConocoPhillips shares gained 1.5% to close at $116.52, while Autodesk climbed 3.5% to $215.92 on Friday.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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