SLB, ConocoPhillips, Northrop Grumman And This Chinese E-Commerce Giant: CNBC's 'Final Trades'

Bryn Talkington of Requisite Capital Management is sticking with energy and named ConocoPhillips COP as her final trade on CNBC’s "Halftime Report Final Trades."

The Houston-based company is set to report earnings on Aug. 3, 2023 and has a 4.5% yield.

Analysts expect ConocoPhilips to report quarterly earnings at $1.77 per share on revenue of $12.44 billion.

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

Shares of Chinese internet and tech stocks traded lower on Wednesday after the Cyberspace Administration of China proposed draft rules that would limit the daily phone time of minors.

Jason Snipe of Odyssey Capital Advisors said Northrop Grumman Corporation NOC is down 18% amid geopolitical issues.

"I will buy it here," he added.

Northrop Grumman reported second-quarter (Q2) 2023 sales growth of 9% year-over-year to $9.58 billion, beating the consensus of $9.35 billion.

Joseph Terranova of Virtus Investment Partners picked Schlumberger Limited SLB.

Schlumberger reported a Q2 2023 revenue increase of 19.6% year-over-year to $8.10 billion, missing the consensus of $8.22 billion.

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Price Action: SLB shares fell 0.2% to settle at $57.47, while Northrop Grumman shares fell 0.2% to close at $447.47 on Wednesday. Alibaba shares fell 5% to $95.07, while ConocoPhillips shares lost 1.5% to settle at $115.59 on Wednesday.

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