Some people on TV talked about what stocks they think are good to buy or sell. They said Schlumberger, Citigroup, and a Japanese fund are good choices. Schlumberger is a big company that helps get oil from the ground. Citigroup is a bank that lets you save and spend money. The Japanese fund invests in many different companies in Japan. These people think these stocks will do well and make them money. Read from source...
1. The title of the article is misleading and clickbaity. It does not indicate that it is about CNBC's final trades, but rather implies some exclusive or sensational insights into Schlumberger, Citigroup, Berkshire Hathaway, and more. This is a common tactic to attract readers who are interested in the stock market, but also creates confusion and false expectations. A better title would be something like "CNBC Experts' Final Trades: Schlumberger, Citigroup, Berkshire Hathaway And More".
1. Schlumberger (SLB): Buy with a target price of $80 per share within the next 6 months, due to its strong 2024 guidance, market leadership in oilfield services and exploration, and favorable demand conditions for energy production and drilling. The stock is currently trading at around $59 per share, offering a potential upside of 38%. However, investors should be aware of the risks associated with volatile oil prices, geopolitical tensions in oil-producing regions, and competition from other service providers in the industry.
2. Citigroup (C): Buy with a target price of $70 per share within the next 6 months, based on its diversified revenue streams, improving credit quality, cost efficiency initiatives, and attractive valuation compared to peers. The stock is currently trading at around $53 per share, offering a potential upside of 29%. However, investors should also consider the risks associated with global economic uncertainty, regulatory pressures, and exposure to emerging markets.
3. iShares MSCI Japan Index Fund (EWJ): Buy with a target price of $50 per share within the next 12 months, as it offers exposure to a diverse range of Japanese companies across various sectors at an attractive valuation. The fund is currently trading at around $36 per share, offering a potential upside of 44%. However, investors should also be mindful of the risks associated with currency fluctuations, geopolitical tensions in the region, and the possibility of an economic slowdown in Japan.