Schlumberger, Transocean And More On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management picked North Shore Global Uranium Mining ETF (NYSE: URNM). After a strong 2023, it's set up to have a strong 2024, she added.

Joshua Brown of Ritholtz Wealth Management named iShares U.S. Oil & Gas Exploration & Production ETF (NYSE: IEO). The "breakout is real" and all of these stocks are set up for higher highs.

WTI crude oil futures slipped around 0.1% to trade at $85.13 per barrel during Wednesday’s session.

Don’t forget to check out our premarket coverage here

Jim Lebenthal of Cerity Partners picked Transocean Ltd. (NYSE: RIG).

On April 1, Transocean disclosed a $195 million ultra-Deepwater drillship contract. On Feb. 19, Transocean posted a narrower-than-expected loss for its fourth quarter, while sales missed expectations.

Sarat Sethi, DCLA managing partner named Schlumberger Limited (NYSE: SLB) as his final trade.

SLB announced an agreement to acquire ChampionX (NYSE: CHX) in an all-stock transaction. Schlumberger will acquire ChampionX, and the shareholders will receive 0.735 shares of Schlumberger in exchange for each ChampionX share. ChampionX shareholders will own approximately 9% of Schlumberger’s common shares once the deal closes.

Price Action:

• North Shore Global Uranium Mining ETF gained 1.3% on Tuesday.
• iShares U.S. Oil & Gas Exploration & Production ETF rose 1.6% during Tuesday’s session.
• Transocean shares rose 3.5% to settle at $6.59 during Tuesday’s session.
• SLB shares fell 1% to settle at $54.68 on Tuesday.

Check This Out: Acuity Brands, Cal-Maine Foods And 3 Stocks To Watch Heading Into Wednesday

Image: Shutterstock