Goldman Sachs, UnitedHealth And A Tech Stock On CNBC’s ‘Final Trades’
Avi Kapoor 1 month ago
MarketsMediaTrading IdeasLong IdeasNews
CNBC Final Trades: Simpson picks UnitedHealth, Ethridge selects Goldman Sachs, and Terranova favors Teradyne after strong earnings.
On CNBC’s “Halftime Report Final Trades,” Kevin Simpson, founder and CEO of Capital Wealth Planning, picked UnitedHealth Group Incorporated (NYSE:UNH).
UnitedHealth Group said it will release its third-quarter financial results on Tuesday, Oct. 13, before the opening bell. Analysts expect the company to report quarterly earnings at $4.14 per share on revenue of $111.49 billion.
Malcolm Ethridge, managing partner at Capital Area Planning Group, named The Goldman Sachs Group, Inc. (NYSE:GS) as his final trade.
Lending support to his choice, HSBC analyst Saul Martinez, on July 21, upgraded Goldman Sachs from Reduce to Hold and raised the price target from $834 to $995.
Don’t forget to check out our premarket coverage here
Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended Teradyne, Inc. (NASDAQ:TER).
On the earnings front, Teradyne reported better-than-expected second-quarter results on July 28 and issued stronger-than-expected guidance for the current quarter.
The company reported adjusted earnings of $2.47 per share, topping the analyst consensus estimate of $2.09. Revenue more than doubled from a year earlier to $1.329 billion, ahead of the consensus estimate of $1.223 billion.
Price Action:
- UnitedHealth shares slipped 0.01% to close at $375.21 on Thursday.
- Goldman Sachs shares gained 1.4% to close at $951.47 during the session.
- Teradyne shares surged 3.5% to settle at $353.13 on Thursday.
Photo via Shutterstock