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Microsoft, Diamondback Energy, Broadcom, And An Oil Giant: CNBC's 'Final Trades'

Published 22/08/2023, 14:42
© Reuters.  Microsoft, Diamondback Energy, Broadcom, And An Oil Giant: CNBC's 'Final Trades'
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Benzinga - by Priya Nigam, Benzinga Staff Writer. On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named Diamondback Energy, Inc. as her final trade.

Diamondback Energy reported quarterly sales of $1.92 billion, which beat the analyst consensus estimate of $1.91 billion.

Stephen Weiss of Short Hills Capital Partners said Microsoft Corporation (NASDAQ: MSFT) will be the "number 1 beneficiary of AI in my view."

Microsoft submitted a new deal to the U.K. regulators for the takeover of Activision Blizzard, Inc. (NASDAQ: ATVI) after the initial rejection, CNBC reported.

Joseph Terranova of Virtus Investment Partners picked Broadcom Inc. (NASDAQ: AVGO).

Broadcom affirmed its expectation that its VMware Inc (NYSE: VMW) acquisition will close at the end of October.

Jim Lebenthal of Cerity Partners said Exxon Mobil Corporation (NYSE: XOM) is "my birthday gift."

Exxon Mobil reported weaker-than-expected second-quarter earnings.

Don’t forget to check out our premarket coverage here

Price Action: Exxon Mobil shares fell 1.2% to settle at $108.71, while Broadcom shares gained 4.8% to close at $865.14 on Monday. Microsoft shares rose 1.7% to settle at $321.88, while Diamondback Energy shares rose 0.3% to $148.45 on Monday.

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

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