Applied Materials, Disney And A Utilities Stock: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners said The Walt Disney Company DIS has gained 7% year-to-date and added 20% over the last 12 months. The stock is breaking out and is 1% away from a 52-week high set last week.

Supporting his view, Loop Capital analyst Alan Gould, on June 10, maintained Walt Disney with a Buy rating and raised the price target from $125 to $130.

Kari Firestone, co-founder and chair emerita of Aureus Asset Management, said Applied Materials, Inc. AMAT is also a stock that's breaking out. With the AI business booming, the runway is long for these companies, she noted.

As per the recent news, Applied Materials and CEA-Leti announced their plan Monday to expand their joint lab and develop materials engineering solutions focused on device innovations for chipmakers serving ICAPS markets (IoT, Communications, Automotive, Power, and Sensors).

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Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Vistra Corp. VST, a utilities stock, as his final trade, saying the stock continues to press higher.

Lending support to his choice, Goldman Sachs analyst Carly Davenport raised the price target from $134 to $164 on May 23.

Price Action:

• Disney shares rose 1.3% to close at $119.48 on Monday.
• Applied Materials rose 3.5% to settle at $176.55 during the session.
• Vistra shares gained 2% to settle at $177.20 during the session.

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