Lam Research Corporation

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Bullish +75

FTAI Aviation, Goldman Sachs And Lam Research: CNBC's 'Final Trades'

AI-generated analysis

πŸ§‘β€πŸ’Ό Stephen Weiss of Short Hills Capital Partners named FTAI Aviation Ltd. (FTAI) as his final trade on CNBC's "Halftime Report."

🀡 Nicholas McAleese is appointed CFO and Michael Hazan as chief accounting officer at FTAI Aviation effective March 6.

πŸ“‰ FTAI Aviation shares fell 4.3% to close at $259.91 on Wednesday.

πŸ’° Jason Snipe of Odyssey Capital Advisors expressed a positive view on The Goldman Sachs Group, Inc. (GS).

πŸ“ˆ J.P. Morgan analyst Kian Abouhossein raised Goldman Sachs' price target from $815 to $826 on Tuesday.

πŸ“‰ Goldman Sachs shares fell 1.2% to close at $823.76 during the trading session.

🏦 Shannon Saccocia of NB Private Wealth selected the State Street SPDR S&P Regional Banking ETF (KRE).

πŸ“‰ The KRE fund fell 1.1% on Wednesday.

βœ… Joseph Terranova of Virtus Investment Partners recommended Lam Research Corporation (LRCX).

πŸ“Š Lam Research reported second-quarter earnings of $1.27 per share, beating the $1.17 analyst estimate by 8.45%.

πŸ’΅ Quarterly revenue for Lam Research reached $5.35 billion, up from $4.38 billion year-over-year and above consensus.

πŸ“ˆ Lam Research shares gained 1.7% to close at $218.87 after the earnings report.

❗ Benzinga does not provide investment advice and all trades are for informational purposes only.

Bullish Signals
  • Lam Research Corporation (NASDAQ: LRCX) reported second-quarter earnings of $1.27 per share, which significantly beat the Street estimate of $1.17 by 8.45%.
  • Quarterly revenue for Lam Research reached $5.35 billion, surpassing analyst consensus estimates of $5.24 billion and growing from $4.38 billion in the same period last year.
  • Joseph Terranova, senior managing director at Virtus Investment Partners, publicly recommended Lam Research Corporation as a top pick.
  • Lam Research shares gained 1.7% to close at $218.87 following the strong earnings report and management recommendations.
  • J.P. Morgan analyst Kian Abouhossein raised the price target on Goldman Sachs from $815 to $826, demonstrating bullish sentiment.
  • Jason Snipe, founder of Odyssey Capital Advisors, expressed confidence in The Goldman Sachs Group, Inc. (NYSE: GS).
  • Shannon Saccocia, chief investment officer of NB Private Wealth, selected the State Street SPDR S&P Regional Banking ETF (NYSE: KRE) as a final trade.
  • FTAI Aviation was named a 'Final Trade' by Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners.
Full Analysis
In CNBC's "Final Trades" segment of the "Halftime Report," several market analysts highlighted specific investment opportunities on Thursday's trading sessions. Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, selected FTAI Aviation Ltd. (NASDAQ: FTAI) as his final trade. This recommendation comes shortly after leadership changes at FTAI, where Nicholas McAleese was appointed chief financial officer and Michael Hazan chief accounting officer effective March 6. Meanwhile, Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, expressed a bullish view on The Goldman Sachs Group, Inc. (NYSE: GS). Supporting this sentiment, J.P. Morgan analyst Kian Abouhossein raised Goldman Sachs' price target from $815 to $826 on Tuesday. Two other prominent picks were identified for the market's attention: Joseph Terranova, senior managing director at Virtus Investment Partners, recommended Lam Research Corporation (NASDAQ: LRCX), while Shannon Saccocia, chief investment officer of NB Private Wealth, chose the State Street SPDR S&P Regional Banking ETF (NYSE: KRE). Lam Research recently reported strong performance, with second-quarter earnings of $1.27 per share on January 28, surpassing the street estimate of $1.17 by 8.45%. Additionally, quarterly revenue for Lam Research reached $5.35 billion, exceeding analyst consensus of $5.24 billion and rising from $4.38 billion in the same period last year. Regarding market activity on Wednesday, FTAI Aviation shares declined 4.3% to close at $259.91, while Goldman Sachs shares fell 1.2% to a closing price of $823.76 during the session. Conversely, Lam Research shares gained momentum with a 1.7% increase to close at $218.87. The State Street SPDR S&P S&P Regional Banking ETF saw a decrease of 1.1% on Wednesday. All investments discussed were noted as suggestions within the context of the Halftime Report final trades segment, and it was emphasized that Benzinga does not provide investment advice.