Qualcomm, Caterpillar, Starbucks And A Basic Materials Stock: CNBC's 'Final Trades'

Jim Lebenthal of Cerity Partners picked QUALCOMM Incorporated QCOM on CNBC's “Halftime Report Final Trades.”

Both the technicals and fundamentals are aligning for future gains, Lebenthal said.

On June 4, TD Cowen analyst Matt Ramsay maintained Qualcomm with a Buy and raised the price target from $200 to $235.

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Bryn Talkington of Requisite Capital Management said Freeport-McMoRan Inc. FCX has got really nice support at $45 and is a good secular winner. “I think $45, $46 will be a strong point,” she added.

Freeport-McMoRan recently appointed Kathleen Quirk as its new CEO, marking a significant leadership change as the company gears up to increase copper production to meet growing global demand.

Jason Snipe of Odyssey Capital Advisors named Caterpillar Inc. CAT as his final trade.

On June 12, Caterpillar raised its dividend and increased its share repurchase program. The board of directors voted to increase the quarterly dividend by 11 cents, an 8% rise to $1.41 per share, payable on August 20 2024, to shareholders of record as of July 22, 2024. Additionally, Caterpillar added $20 billion to its current share repurchase authorization, allowing for up to $21.8 billion in stock buybacks.

Joshua Brown of Ritholtz Wealth Management picked Starbucks Corporation SBUX.

The U.S. Supreme, in a recent decision, has reportedly sided with Starbucks in a significant ruling related to the reinstatement of seven Memphis employees who were dismissed amid unionization efforts.

Price Action:

• Freeport-McMoRan shares fell 2.5% to close at $47.99 during Thursday's session.
• Qyalcomm shares rose 1.1% to close at $217.81 on Thursday.
• Caterpillar shares fell 0.7% to settle at $326.36 during Thursday's session.
• Starbucks gained 1.1% to close at $80.24 on Thursday.

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