Citigroup, Costco, NXP Semiconductors And More: CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners named NXP Semiconductors N.V. NXPI as his final trade.

Last week, Wolfe Research analyst Chris Caso upgraded NXP Semiconductors from Peer Perform to Outperform and announced a $255 price target. Barclays analyst Blayne Curtis upgraded the stock from Equal-Weight to Overweight and raised the price target from $200 to $260.

Jason Snipe of Odyssey Capital Advisors said he likes Costco Wholesale Corporation COST here.

In a bid to curb unauthorized access to its stores, retail giant Costco is implementing new measures, including a trial of a scanning system at store entrances.

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Anastasia Amoroso of JP Morgan Private Bank said she is sticking with VanEck Semiconductor ETF SMH.

Joseph Terranova of Virtus Investment Partners said Citigroup Inc. C is breaking out.

Citigroup is continuing its leadership overhaul amidst a comprehensive reorganization, according to sources close to the situation.

Citigroup CEO Jane Fraser recently held a conference call with managing directors to discuss ongoing changes at the firm. The bank recently reported a fourth-quarter FY23 revenue decline of 3% year-over-year to $17.44 billion, missing the consensus of $18.74 billion. Adjusted EPS of 84 cents beat the consensus of 81 cents

Price Action

• NXP Semiconductors gained 0.2% to close at $218.84.
• Costco shares fell 0.4% to close at $692.51 on Monday.
• VanEck Semiconductor ETF gained 0.5%.
• Citigroup gained by 2.6% to $52.84 during Monday’s session.

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