On CNBC’s “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital named Micron Technology, Inc. (NASDAQ:MU), which received a $6 billion grant to build a chip factory.
Micron will likely receive $6.1 billion in grants from the U.S. Commerce Department. Â This funding is for Micron’s domestic factory, which aims to shift semiconductor production back to the U.S.
Stephanie Link of Hightower said The Procter & Gamble Company (NYSE:PG) reported a “pretty good” quarter, with the company beating gross margins again and raised guidance. “I think it’s a quality company,” she added.
On April 19, Procter & Gamble reported third-quarter FY24 sales growth of 1% year-on-year to $20.195 billion, missing the analyst consensus estimate of $20.408 billion. P&G raised its FY24 EPS growth outlook from -1% to inline to a range of 1% to 2% versus FY23 EPS of $5.90.
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Joseph M. Terranova of Virtus Investment Partners said buy Uber Technologies, Inc. (NYSE:UBER) here at $69.
On April 19, Tigress Financial analyst Ivan Feinseth maintained Uber with a Buy and raised the price target from $72 to $96. Uber is scheduled to hold its quarterly conference call to discuss its first quarter 2024 financial results on May 8, 2024.
Price Action:
- Micron shares fell 4.6% to close at $106.77 on Friday.
- Procter & Gamble shares gained 0.5% to settle at $158.14 during Friday’s session.
- Uber shares fell 3% to close at $69.20 during Friday’s session.
Read More: Brown & Brown Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
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