Uber, Meta, NRG Energy And A Basic Materials Stock On CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management said Uber Technologies, Inc. (NYSE:UBER) is sitting right on top of its 200-day and its 50-day moving averages.
Supporting his view, Truist Securities analyst Youssef Squali, on March 6, maintained Uber Technologies with a Buy rating and raised the price target from $90 to $92.
Rob Sechan of NewEdge Wealth named NRG Energy, Inc. (NYSE:NRG) as his final trade.
NRG Energy, on March 12, entered into a definitive agreement to acquire six power generation facilities from Rockland Capital, LLC for $560 million.
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Amy Raskin of Chevy Chase Trust picked Franco-Nevada Corporation (NYSE:FNV).
On the earnings front, Franco-Nevada, on March 10, reported fourth-quarter results. Revenue rose 6% year over year (+30% Y/Y excluding Cobre Panama) to $321.0 million, beating the consensus of $305.85 million. The company saw strong production from Candelaria, new assets, and benefiting from record gold prices.
Stephen Weiss of Short Hills Capital Partners named Meta Platforms, Inc. (NASDAQ:META) as his final trade.
President Donald Trump has indicated that Meta Platforms could invest up to $60 billion in the United States by the end of the year.
Price Action:
- Uber shares gained 2.9% to close at $71.55 on Friday.
- NRG Energy rose 4.9% to settle at $95.39 during Friday's session.
- Franco-Nevada rose 2.1% to close at $153.35 on Friday.
- Meta shares gained 3% to close at $607.60 on Friday.
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Posted-In: Amy Raskin Halftime Report Final Trades Joshua BrownLong Ideas News Markets Media Trading Ideas