Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital named Micron Technology, Inc. (NASDAQ:MU), which received a $6 billion grant to build a chip factory.
Micron will likely receive $6.1 billion in grants from the U.S. Commerce Department. This funding is for Micron's domestic factory, which aims to shift semiconductor production back to the U.S.
Stephanie Link of Hightower said The Procter & Gamble Company (NYSE:PG) reported a “pretty good” quarter, with the company beating gross margins again and raised guidance. “I think it's a quality company,” she added.
On April 19, Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. P&G raised its FY24 EPS growth outlook from -1% to inline to a range of 1% to 2% versus FY23 EPS of $5.90.
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Joseph M. Terranova of Virtus Investment Partners said buy Uber Technologies, Inc. (NYSE:UBER) here at $69.
On April 19, Tigress Financial analyst Ivan Feinseth maintained Uber with a Buy and raised the price target from $72 to $96. Uber is scheduled to hold its quarterly conference call to discuss its first quarter 2024 financial results on May 8, 2024.
Price Action:
- Micron shares fell 4.6% to close at $106.77 on Friday.
- Procter & Gamble shares gained 0.5% to settle at $158.14 during Friday's session.
- Uber shares fell 3% to close at $69.20 during Friday's session.
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