AppLovin, IBIT And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joseph M. Terranova of Virtus Investment Partners named AppLovin Corporation APP as his final trade.

Supporting his view, UBS analyst John Hodulik, on Wednesday, maintained AppLovin with a Buy rating and increased the price target from $315 to $440. Also Wells Fargo analyst Alec Brondolo, on Jan. 13, maintained the stock with an Overweight rating and raised the price target from $360 to $366.

Shannon Saccocia of NB Private Wealth picked iShares US Consumer Discretionary ETF IYC.

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Rounding out the trades, Stephen Weiss of Short Hills Capital Partners named iShares Bitcoin Trust IBIT as his final trade.

Bitcoin, meanwhile, traded slightly below $102,000 at last check Thursday morning.

Though the SEC under acting chairman Mark Uyeda launched a dedicated cryptocurrency task force to frame regulations for the industry, investors have been left disappointed due to no cryptocurrency-related executive orders from Trump thus far.

Price Action:

AppLovin shares gained 6.9% to close at $361.72 during Wednesday's session.
iShares US Consumer Discretionary ETF rose slightly by 0.04% during Wednesday's session.
iShares Bitcoin Trust fell 1.7% to close at $59.38 on Wednesday.

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