Alphabet, RTX, Baker Hughes And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners said he likes Alphabet Inc. GOOG GOOGL.

Supporting his view, Oppenheimer analyst Jason Helfstein, on Thursday, maintained Alphabet with an Outperform rating and raised the price target from $215 to $225.

Kevin Simpson of Capital Wealth Planning said RTX Corporation RTX has incredible free cash flow and is around 55% higher than last year. The company also has dividend growth for 31 years in a row.

Adding support to this choice, Wells Fargo analyst Matthew Akers, on Thursday, maintained RTX with an Overweight rating and raised the price target from $151 to $156, while Bank of America Securities analyst Ronald Epstein maintained the stock with a Buy and boosted the price target from $145 to $155.

On Tuesday, the company said net sales increased 9% year-over-year (Y/Y) to $21.623 billion, beating the consensus of $20.535 billion. Adjusted EPS grew 19% Y/Y to $1.54, above the consensus of $1.38.

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In the energy sector, Joshua Brown of Virtus Investment Partners picked Baker Hughes Company BKR.

Supporting his view, Goldman Sachs analyst Neil Mehta, on Jan. 23, maintained Baker Hughes with a Buy and raised the price target from $51 to $52.

Rounding out the trades, Liz Young Thomas of SoFi named iShares Expanded Tech-Software Sector ETF IGV, saying it's the next beneficiary of this AI theme.

Price Action:

• Alphabet shares gained 2.8% to close at $200.87 on Thursday.
• RTX shares climbed 3.1% to settle at $128.98 during Thursday's session.
• iShares Expanded Tech-Software Sector ETF fell 0.7% during the session.
• Baker Hughes shares rose 3.5% to close at $44.60 on Thursday.

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