Micron Technology, Real Estate And Energy ETFs On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital named Micron Technology, Inc. MU, saying all the bad news is fleshed out.

On Sept. 16, Morgan Stanley analyst Joseph Moore maintained Micron Technology with an Equal-Weight rating and lowered the price target from $140 to $100.

Micron on Tuesday announced the availability of the Crucial P310 2280 Gen4 NVMe solid-state drive (SSD) which expands Micron's P310 portfolio to address PCs, laptops and PlayStation 5. The company said a version with a heatsink will be released in the coming months, suited for use with PlayStation 5 and desktop gaming PCs.

"Micron's Crucial P310 2280 SSD delivers blazing fast gaming-level speeds, allowing users to do it all faster — from gaming to booting Windows to running multiple creative apps at the same time — without compromising on quality," said Jonathan Weech, senior director of product marketing for Micron's Commercial Products Group.

Shannon Saccocia of NB Private Wealth picked iShares U.S. Real Estate ETF IYR, saying rates are coming down.

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Josh Brown of Ritholtz Wealth Management named iShares U.S. Oil & Gas Exploration & Production ETF IEO as his final trade. The S&P Energy sector is trading at 10 times forward earnings and one times sales.

Price Action:

• Micron gained 1.8% to close at $88.73 during Tuesday's session.
• iShares U.S. Real Estate ETF fell 0.8% on Tuesday.
• iShares U.S. Oil & Gas Exploration & Production ETF gained 1.8% during Tuesday's session.

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Image created using artificial intelligence via Midjourney.