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Walmart, ONEOK, Diamondback Energy And A Warehouse Club Giant: CNBC's 'Final Trades'

Published 05/10/2023, 13:47
Updated 05/10/2023, 15:10
© Reuters.  Walmart, ONEOK, Diamondback Energy And A Warehouse Club Giant: CNBC's 'Final Trades'

Benzinga - by Priya Nigam, Benzinga Staff Writer.

On CNBC’s "Halftime Report Final Trades," Jenny Harrington of Gilman Hill Asset Management said ONEOK, Inc. (NYSE: OKE) has a 6.25% yield.

Pickering Energy Partners analyst Leif Lundaas initiated coverage on ONEOK with an Underperform rating.

Jason Snipe of Odyssey Capital Advisors said he likes Walmart Inc. (NYSE: WMT). They are increasing third-party seller activity in preparation of the holiday season, he noted.

Walmart indicates that there has been a decrease in shopping demand due to the use of appetite-suppressing medications such as Ozempic and Wegovy.

Don’t forget to check out our premarket coverage here

Joseph Terranova of Virtus Investment Partners named Costco Wholesale Corporation (NASDAQ: COST) as his final trade.

Costco Wholesale reported September retail month net sales of $22.75 billion.

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

Bryn Talkington of Requisite Capital Management picked Diamondback Energy, Inc. (NASDAQ: FANG).

UBS analyst Josh Silverstein maintained Diamondback Energy with a Buy and raised the price target from $191 to $198.

Price Action: Diamondback Energy shares fell 3.6% to close at $145.51, while Costco gained 1.2% to settle at $571.80 on Wednesday. Walmart shares gained 1.2% to settle at $161.00, while ONEOK lost 1% to $61.35 on Wednesday.

Check This Out: Investor Fear Eases Amid Pullback In Treasury Yields

Photo: Shutterstock

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

Read the original article on Benzinga

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