Home Depot, Live Nation Entertainment, Diamondback Energy, And A Tech Giant Taking On Musk's Twitter: CNBC's 'Final Trades'

Zinger Key Points
  • Josh Brown favors Live Nation Entertainment as Citigroup maintains a Buy rating and raises the price target from $89 to $110.
  • Kevin Simpson picks The Home Depot, which is set to settle a lawsuit for underpaying workers by paying $72.5 million.

On CNBC’s "Halftime Report Final Trades," Josh Brown of Ritholtz Wealth Management said Live Nation Entertainment, Inc. LYV, looks like it’s back on an uptrend.

Citigroup recently maintained Live Nation Entertainment with a Buy and raised the price target from $89 to $110.

Kevin Simpson named The Home Depot, Inc. HD as his final trade.

Home Depot will reportedly settle a long-running lawsuit for underpaying workers in California by paying $72.5 million. The settlement proposal was filed in a San Francisco federal court and will need to be approved by a judge, reported Reuters.

Analysts have a consensus Outperform rating on HD, according to Benzinga's analyst ratings data.

Bryn Talkington of Requisite Capital Management said it’s a good time to buy Diamondback Energy, Inc. FANG at current levels.

Shares of energy stocks traded higher on Friday as oil rebounded following Thursday weakness.

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Jim Lebenthal of Cerity Partners picked Transocean Ltd. RIG.

Citigroup upgraded Transocean from a Neutral rating to a Buy rating and raised the price target from $6.50 to $9.50. The company also announced that $172 million in options have been exercised.

Stephen Weiss of Short Hills Capital Partners named Meta Platforms, Inc. META as his final trade.

Mark Zuckerberg’s Meta Platforms recently launched Threads — a platform eerily similar to Elon Musk's Twitter — which boasts itself as a text-centric answer to Instagram.

Price Action: Meta shares fell 0.5% to settle at $290.53, while Transocean shares jumped 5.9% to close at $7.73 on Friday. Home Depot shares gained 0.3% to close at $302.81, while Diamondback Energy added 4.1% to settle at $132.40 during Friday’s session. Live Nation Entertainment shares rose 0.1% to settle at $91.76 on Friday.

Check This Out: Wall Street's Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 3% Dividend Yields

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Posted In: Long IdeasNewsMarketsMediaTrading IdeasBryn TalkingtonCNBCHalftime Report Final TradesJim LebenthalJoshua BrownKevin SimpsonStephen Weiss
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