Apple, Cisco And An Energy Stock On CNBC's 'Final Trades'
On CNBC's “Halftime Report Final Trades,” Brian Belski of BMO Capital named Apple Inc. (NASDAQ:AAPL), adding that it's a big week for the company.
As Apple prepares to unveil its highly anticipated iPhone 16 lineup today, prominent Wall Street analyst Dan Ives of Wedbush Securities is forecasting a potential watershed moment for the tech giant. In a research note released on Sunday, Wedbush claims that the iPhone 16 launch could kick off "Cupertino's biggest upgrade cycle in its history."
Jim Lebenthal of Cerity Partners picked Cisco Systems, Inc. (NASDAQ:CSCO).
On Aug. 16, HSBC analyst Stephen Bersey upgraded Cisco from Hold to Buy and raised the price target from $46 to $58.
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Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said Kinetik Holdings Inc. (NYSE:KNTK) has a 6.8% yield.
On Aug. 7, Kinetik Holdings reported quarterly earnings of 54 cents per share which beat the analyst consensus estimate of 48 cents per share. The company reported quarterly sales of $359.46 million which beat the analyst consensus estimate of $337.40 million.
Stephen Weiss of Short Hills Capital Partners named U.S. 2 Year Treasury.
Price Action:
- Apple shares fell 0.7% to close at $220.82 during Friday's session.
- Cisco shares declined 1.3% to settle at $48.50 on Friday.
- Kinetik Holdings shares fell 0.7% to close at $44.13.
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Posted-In: Brian Belski Halftime Report Final Trades Jim LebenthalNews Markets Media Trading Ideas
