Schlumberger, Berkshire Hathaway, and JPMorgan Chase in the News Focusing on Final Trades from CNBC’s Halftime Report

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By Ronald Tech

On CNBC’s “Halftime Report Final Trades,” Josh Brown of Ritholtz Wealth Management made his final trade recommendation, choosing Berkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A).

Last month, UBS analyst Brian Meredith maintained Berkshire Hathaway with a Buy rating and raised the price target from $410 to $435.

Sarat Sethi recommended Schlumberger Limited SLB. “I think it’s a great buy,” he said.

Schlumberger reaffirmed its FY24 guidance despite Saudi Aramco’s decision on oil capacity. The company disclosed a strong Y/Y revenue growth and continued margin expansion, leading to mid-teens growth in adjusted EBITDA during its fourth-quarter earnings call.

Stephanie Link of Hightower Advisors chose Toyota Motor Corporation TM.

Toyota Motor recently announced changes in its small-car unit subsidiary, Daihatsu Motor, with the resignations of its President Soichiro Okudaira and Chairman Sunao Matsubayashi following revelations of misconduct related to rigged collision safety tests.

Joe Terranova of Virtus Investment Partners selected JPMorgan Chase & Co. JPM. “I think we get a $200 print” on the stock because this company is “so well diversified,” he said.

JPMorgan recently filed its Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2023 with the SEC.

Price Action:

  • Berkshire Hathaway shares gained 0.3% to close at $407.15 on Tuesday.
  • SLB shares slipped 0.1% to $48.52 during Tuesday’s session.
  • Toyota Motor shares fell 0.3% to settle at $226.77 on Tuesday.
  • JPMorgan shares gained 0.4% to close at $179.73.

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