AMD, Alphabet And An Oil Fund Feature On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Karen Firestone of Aureus Asset Management said digital advertising business of Alphabet Inc. GOOGL is going to start picking up.

"It’s a name that we like a lot," she added.

Third Point and Pershing Square recently disclosed a stake in Alphabet.

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Stephen Weiss of Short Hills Capital Partners said United States Oil Fund, LP USO is seeing momentum.

U.S. crude oil inventories increased by 5.04 million barrels in the week ending May 12, 2023, recording the biggest weekly rise in 12 weeks, the EIA said Wednesday.

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Joseph Terranova of Virtus Investment Partners named Advanced Micro Devices, Inc. AMD as his final trade.

Third Point recently took a stake in AMD, per a 13F filing. Additionally, Bernstein said PC shipments appear to be normalizing at pre-COVID levels.

Price Action: AMD shares gained 2.2% to settle at $103.75, while Alphabet shares gained 1.1% to close at $120.84 on Wednesday.
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