Broadcom, Trade Desk, AppLovin And A Big Bank On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Kari Firestone of Aureus Asset Management said Broadcom Inc. AVGO reported a decent quarter. “It is a good buy here,” she added.

On Sept. 5, Broadcom reported second-quarter revenue of $13.072 billion, beating analyst estimates of $12.96 billion, according to Benzinga Pro. The semiconductor company reported second-quarter earnings of $1.24 per share, beating analyst estimates of $1.20 per share.

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Joshua Brown of Ritholtz Wealth Management named The Trade Desk, Inc. TTD as his final trade.

On Sept. 11, Needham analyst Laura Martin reiterated Trade Desk with a Buy and maintained a $115 price target.

Stephen Weiss of Short Hills Capital Partners said he is staying with The Goldman Sachs Group, Inc. GS.

On Monday, the company's CEO, David Solomon, reportedly stated that trading revenue will likely fall by 10% in the third quarter due to sluggish conditions last month. However, Solomon noted that investment banking is improving, although activity from financial sponsors hasn't rebounded as expected

Joseph M. Terranova of Virtus Investment Partners picked AppLovin Corporation APP, which hit a 52-week high on Wednesday.

On Wednesday, B of A Securities maintained a Buy rating on the stock and raised its price target from $100 to $120.

Price Action:

• Trade Desk gained 1.9% to close at $101.61 during Wednesday's session.
• Broadcom shares gained 6.8% to settle at $158.27 on Wednesday.
• Goldman Sachs shares rose 0.9% to close at $471.17.
• AppLovin rose 13.2% to settle at $97.57 during Wednesday's session.

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