On CNBC’s ‘Halftime Report Final Trades,’ financial analysts shared their insights on promising investment opportunities. Kari Firestone of Aureus Asset Management highlighted Broadcom Inc. (AVGO) as a strong buy, following the company’s impressive second-quarter earnings report. Broadcom exceeded analyst expectations, reporting revenue of $13.072 billion and earnings per share of $1.24.
Joshua Brown of Ritholtz Wealth Management favored The Trade Desk, Inc. (TTD) as his final trade. Needham analyst Laura Martin maintained a Buy rating and a $115 price target on the stock. Stephen Weiss of Short Hills Capital Partners expressed confidence in The Goldman Sachs Group, Inc. (GS), despite recent challenges. While Goldman Sachs CEO David Solomon acknowledged a projected 10% decline in trading revenue for the third quarter, he highlighted the company’s improving investment banking performance.
Joseph M. Terranova of Virtus Investment Partners selected AppLovin Corporation (APP) as a promising investment. The company reached a 52-week high on Wednesday, with B of A Securities maintaining a Buy rating and raising its price target from $100 to $120.
The analysts’ comments reflected positive market sentiment surrounding these companies, underscoring their potential for growth and profitability.
Trade Desk shares gained 1.9% to close at $101.61 during Wednesday’s session. Broadcom shares rose 6.8% to settle at $158.27 on Wednesday. Goldman Sachs shares increased 0.9% to close at $471.17. AppLovin rose 13.2% to settle at $97.57 during Wednesday’s session.
