Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Jim Lebenthal of Cerity Partners picked QUALCOMM Incorporated (NASDAQ:QCOM) on CNBC's “Halftime Report Final Trades.”
Both the technicals and fundamentals are aligning for future gains, Lebenthal said.
On June 4, TD Cowen analyst Matt Ramsay maintained Qualcomm with a Buy and raised the price target from $200 to $235.
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Bryn Talkington of Requisite Capital Management said Freeport-McMoRan Inc. (NYSE:FCX) has got really nice support at $45 and is a good secular winner. “I think $45, $46 will be a strong point,” she added.
Freeport-McMoRan recently appointed Kathleen Quirk as its new CEO, marking a significant leadership change as the company gears up to increase copper production to meet growing global demand.
Jason Snipe of Odyssey Capital Advisors named Caterpillar Inc. (NYSE:CAT) as his final trade.
On June 12, Caterpillar raised its dividend and increased its share repurchase program. The board of directors voted to increase the quarterly dividend by 11 cents, an 8% rise to $1.41 per share, payable on August 20 2024, to shareholders of record as of July 22, 2024. Additionally, Caterpillar added $20 billion to its current share repurchase authorization, allowing for up to $21.8 billion in stock buybacks.
Joshua Brown of Ritholtz Wealth Management picked Starbucks Corporation (NASDAQ:SBUX).
The U.S. Supreme, in a recent decision, has reportedly sided with Starbucks in a significant ruling related to the reinstatement of seven Memphis employees who were dismissed amid unionization efforts.
Price Action:
- Freeport-McMoRan shares fell 2.5% to close at $47.99 during Thursday's session.
- Qyalcomm shares rose 1.1% to close at $217.81 on Thursday.
- Caterpillar shares fell 0.7% to settle at $326.36 during Thursday's session.
- Starbucks gained 1.1% to close at $80.24 on Thursday.
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