Alphabet, Wabtec, Flex LNG And More On CNBC's 'Final Trades'

Author: Avi Kapoor | February 29, 2024 09:51am

On CNBC’s "Halftime Report Final Trades," Steve Weiss of Short Hills Capital Partners said he has bought some puts on Invesco QQQ Trust (NASDAQ: QQQ).

Jenny Harrington of Gilman Hill Asset Management, LLC said FLEX LNG Ltd. (NYSE:FLNG) has a 12% dividend yield.

On Feb. 7, Flex LNG posted better-than-expected earnings for its fourth quarter, while sales missed market estimates, according to data from Benzinga Pro.

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Kari Firestone of Aureus Asset Management named Westinghouse Air Brake Technologies Corporation (NYSE:WAB) as her final trade.

On Feb. 26, Wabtec priced its public offering of $500 million of 5.611% senior notes due 2034. Wabtec posted weaker-than-expected earnings for its fourth quarter on Feb. 14.

Joe Terranova of Virtus Investment Partners picked Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL).

Alphabet’s Google CEO Sundar Pichai recently addressed the recent uproar over the company’s Gemini AI chatbot, which has faced criticism for generating historically inaccurate images and text. Acknowledging the issue for the first time since the Gemini controversy broke out last week, Pichai said that it is "completely unacceptable" in an internal memo reported by Semafor.

Price Action:

• Invesco QQQ Trust fell 0.5% on Wednesday.
• FLEX LNG shares rose 3.4% to close at $25.20 during Wednesday’s session.
• Westinghouse Air Brake Technologies rose 1.3% to close at $139.49 on Wednesday.
• Alphabet shares fell 1.9% to close at $137.43.

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Posted In: FLNG GOOG GOOGL QQQ WAB