Alphabet, Exxon Mobil, Palantir Technologies And More On CNBC's 'Final Trades'

Author: Avi Kapoor | September 10, 2024 06:33am

On CNBC's “Halftime Report Final Trades,” Shannon Saccocia of NB Private Wealth named iShares U.S. Financials ETF (NYSE:IYF) as her final trade.

Jim Lebenthal of Cerity Partners said Exxon Mobil Corporation (NYSE:XOM) is off just 5% from the recent high level.

The oil major has reportedly withdrawn from the competition to acquire half of Galp Energia‘s (OTC:GLPEY) stake in a significant oil discovery in Namibia.

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Stephen L. Weiss of Short Hills Capital Partners said Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) is very, very cheap.

In a recent development, the UK's competition watchdog, the Competition and Markets Authority (CMA), has raised objections to the ad tech practices of Google by Alphabet Inc. The tech giant's dominance in the online display advertising market has come under scrutiny.

Joseph M. Terranova of Virtus Investment Partners said Palantir Technologies Inc. (NYSE:PLTR) has been added to the S&P 500 index.

S&P Dow Jones Indices said Palantir would be added to the S&P 500 Index, ahead of the start of trading on Sept. 23. Despite widespread anticipation, the S&P had snubbed Palantir in its two previous quarterly rebalancing.

Price Action:

• iShares U.S. Financials ETF gained 1.2% during Monday's session.
• Exxon Mobil shares rose 2.1% to settle at $115.01 on Monday.
• Alphabet shares fell 1.3% to close at $148.71.
• Palantir Technologies shares jumped 14.1% to close at $34.60/

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Posted In: GLPEY GOOG GOOGL IYF PLTR XOM