On CNBC's "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management picked North Shore Global Uranium Mining ETF (NYSE:URNM). After a strong 2023, it's set up to have a strong 2024, she added.
Joshua Brown of Ritholtz Wealth Management named iShares U.S. Oil & Gas Exploration & Production ETF (NYSE:IEO). The "breakout is real" and all of these stocks are set up for higher highs.
WTI crude oil futures slipped around 0.1% to trade at $85.13 per barrel during Wednesday's session.
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Jim Lebenthal of Cerity Partners picked Transocean Ltd. (NYSE:RIG).
On April 1, Transocean disclosed a $195 million ultra-Deepwater drillship contract. On Feb. 19, Transocean posted a narrower-than-expected loss for its fourth quarter, while sales missed expectations.
Sarat Sethi, DCLA managing partner named Schlumberger Limited (NYSE:SLB) as his final trade.
SLB announced an agreement to acquire ChampionX (NYSE:CHX) in an all-stock transaction. Schlumberger will acquire ChampionX, and the shareholders will receive 0.735 shares of Schlumberger in exchange for each ChampionX share. ChampionX shareholders will own approximately 9% of Schlumberger's common shares once the deal closes.
Price Action:
- North Shore Global Uranium Mining ETF gained 1.3% on Tuesday.
- iShares U.S. Oil & Gas Exploration & Production ETF rose 1.6% during Tuesday's session.
- Transocean shares rose 3.5% to settle at $6.59 during Tuesday's session.
- SLB shares fell 1% to settle at $54.68 on Tuesday.
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