AstraZeneca, Corning, and Others Featured in CNBC's 'Final Trades'
Final Trades on CNBC: Jim Lebenthal highlighted AstraZeneca PLC as his final trade, following the positive results from the Phase 3 trial of baxdrostat, which showed significant reductions in blood pressure.
Other Notable Picks: Stephen Weiss chose iShares Bitcoin Trust ETF, citing a recovery in Bitcoin prices, while Liz Young Thomas selected Invesco S&P 500 High Dividend Low Volatility ETF, and Joe Terranova picked Corning Incorporated, which received an upgrade from UBS.
Stock Performance: AstraZeneca shares rose 2.4% to $82.11, iShares Bitcoin Trust ETF increased by 1.3%, Invesco S&P 500 High Dividend Low Volatility ETF saw a slight rise of 0.2%, and Corning shares gained 1.3% to $69.34.
Market Insights: The article also mentions Wall Street analysts providing insights on financial stocks with high dividend yields, indicating ongoing interest in investment opportunities.
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- Quarterly Dividend Declaration: Corning's Board of Directors has declared a quarterly dividend of $0.28 per share, payable on March 30, 2026, to shareholders of record on February 27, 2026, demonstrating the company's commitment to shareholder returns and enhancing investor confidence.
- Caution on Forward-Looking Statements: The company issued forward-looking statements that highlight uncertainties regarding future operating performance, encompassing various economic, competitive, and legislative factors, reminding investors to be aware of potential risks and ensuring transparency.
- Overview of Risk Factors: Corning identified multiple risks that could impact future performance, including global economic trends, market volatility, and supply chain disruptions, indicating a cautious approach in navigating external challenges.
- Commitment to Innovation and Investment: Corning is dedicated to ongoing R&D and innovation to adapt to changing market demands, ensuring competitiveness across sectors like optical communications and consumer electronics, reflecting the company's strategic focus on future growth.
- Job Data Impact: U.S. stocks experienced volatility on Wednesday as stronger-than-expected January job growth data diminished the likelihood of Federal Reserve interest rate cuts, leaving investors uneasy and preventing the market from maintaining its initial gains.
- AI Sector Fluctuations: AI infrastructure stocks gained renewed attention, with Vertiv reporting a 252% year-over-year growth in orders, driving related stocks like Eaton and GE Vernova up 3% to 4% and reaching new highs, indicating strong market demand for AI-related businesses.
- Price Target Adjustments: In light of positive revisions to global hyperscale data center expectations, price targets for Eaton and GE Vernova have been raised to $425 and $875 respectively, reflecting confidence in their growth potential within the data center market.
- Semiconductor Supplier Performance: Qnity Electronics surged 15% this week, surpassing the $110 price target; while no target price adjustment has been made yet, strong results from its peer Entegris suggest a positive outlook for the industry, leading to investor optimism.
- Dow Performance: The Dow reached a new record on Tuesday, marking three consecutive days of intraday highs, reflecting strong market momentum, particularly with positive movements in AI infrastructure stocks boosting investor confidence.
- Stock Highlights: Corning's stock rose about 7% since Friday's close, hitting an all-time intraday high in the previous session despite a slight decline on Tuesday, indicating optimistic market expectations for its future growth.
- Texas Roadhouse Downgrade: Truist downgraded Texas Roadhouse to a hold equivalent and lowered its price target from $206 to $188, with analysts expecting beef price inflation to persist through 2027; however, the investing club remains cautiously optimistic about the stock.
- TSMC Sales Growth: Taiwan Semiconductor reported a 37% year-over-year increase in January sales, significantly accelerating from 20% growth in December, signaling strong AI demand and positively impacting portfolio names like Nvidia, Broadcom, and Apple.
- Price Fluctuation Analysis: IGM's 52-week low is $76.26 and high is $135.81, with the current trading price at $128.31, indicating price volatility near the high point that may influence investor buying decisions.
- Technical Analysis Tool: Comparing the current stock price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Trading Mechanism: ETFs trade similarly to stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the liquidity and market performance of the ETF.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF shares outstanding highlights significant inflows or outflows; inflows necessitate purchasing underlying assets, while outflows may lead to selling, affecting the prices of related stocks.
- Market Performance Rebound: The S&P 500 rose approximately 0.5%, the Nasdaq increased by 1%, and the Dow Jones Industrial Average held above 50,000, indicating a positive market sentiment and a recovery in investor confidence.
- Strong Tech Stock Recovery: The portfolio's Magnificent Seven stocks, including Alphabet, Microsoft, Nvidia, and Meta, rebounded after recent declines, suggesting renewed confidence in the tech sector that could drive future investment inflows.
- Rising Capital Expenditure Expectations: Bank of America's updated capex tracker revealed a 14% quarter-over-quarter and 66% year-over-year increase in global hyperscale capex to $148 billion in Q4, exceeding expectations by $7 billion, reflecting optimism for future investments.
- Upcoming Earnings Reports: On Semiconductor and Vornado Realty Trust are set to release earnings after the bell, with the market closely watching these reports to assess industry health, while several companies, including Coca-Cola and Spotify, will report before Tuesday's open, further influencing market sentiment.
- Tech Stock Rally: The S&P 500 rose on Monday, buoyed by strong performances in big tech, with club holdings Nvidia and Broadcom climbing over 3%, indicating sustained market confidence in AI investments.
- Broadcom Rating Upgrade: The club upgraded Broadcom to a buy-equivalent 1 rating on Friday, reflecting optimism about its growth potential as a major beneficiary of increased AI spending, especially with Alphabet and Meta planning to boost their AI budgets.
- Microsoft Downgrade: Melius Research downgraded Microsoft from buy to hold, citing concerns that CEO Satya Nadella has lost the AI narrative; however, the club maintains a long-term positive outlook on Microsoft shares, indicating confidence in its future performance.
- Corning Stock Surge: Corning's stock jumped 7% to record highs after being featured as an










