Citigroup, Costco, NXP Semiconductors And More: CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners named NXP Semiconductors N.V. (NASDAQ: NXPI) as his final trade.

Last week, Wolfe Research analyst Chris Caso upgraded NXP Semiconductors from Peer Perform to Outperform and announced a $255 price target. Barclays analyst Blayne Curtis upgraded the stock from Equal-Weight to Overweight and raised the price target from $200 to $260.

Jason Snipe of Odyssey Capital Advisors said he likes Costco Wholesale Corporation (NASDAQ: COST) here.

In a bid to curb unauthorized access to its stores, retail giant Costco is implementing new measures, including a trial of a scanning system at store entrances.

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Anastasia Amoroso of JP Morgan Private Bank said she is sticking with VanEck Semiconductor ETF (NASDAQ: SMH).

Joseph Terranova of Virtus Investment Partners said Citigroup Inc. (NYSE: C) is breaking out.

Citigroup is continuing its leadership overhaul amidst a comprehensive reorganization, according to sources close to the situation.

Citigroup CEO Jane Fraser recently held a conference call with managing directors to discuss ongoing changes at the firm. The bank recently reported a fourth-quarter FY23 revenue decline of 3% year-over-year to $17.44 billion, missing the consensus of $18.74 billion. Adjusted EPS of 84 cents beat the consensus of 81 cents

Price Action

• NXP Semiconductors gained 0.2% to close at $218.84.
• Costco shares fell 0.4% to close at $692.51 on Monday.
• VanEck Semiconductor ETF gained 0.5%.
• Citigroup gained by 2.6% to $52.84 during Monday’s session.

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