Hess, Pioneer Natural Resources And A Chinese E-Commerce Giant On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Joseph Terranova of Virtus Investment Partners picked Hess Corporation HES amid rising energy prices.

Raymond James analyst John Freeman maintained Hess with an Outperform and lowered the price target from $172 to $166.

Jenny Harrington of Gilman Hill Asset Management said Pioneer Natural Resources Company PXD is trading about 10 times its earnings and offers a high single-digit yield.

Pioneer Natural Resources is expected to post second-quarter earnings after the close of trading on Tuesday, Aug. 1.

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

Stephen Weiss of Short Hills Capital Partners named Alibaba Group Holding Limited BABA as his final trade

Alibaba shares traded higher on Monday after China earlier announced it has pledged to optimize the business environment for private enterprises ahead of the Politburo meeting later this week. Also, the company announced it will not participate in Ant Group's share repurchase program.

Don’t forget to check out our premarket coverage here

Price Action: Alibaba shares rose 4.5% to settle at $96.35, while Pioneer Natural Resources shares rose 1% to close at $218.03 on Monday. Hess shares gained 2.4% to close at $145.66 on Monday.

Check This Out: Microsoft Likely To Report Higher Quarterly Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsMarketsMediaTrading IdeasCNBCHalftime Report Final TradesJenny HarringtonJoseph TerranovaStephen Weiss
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!