CrowdStrike Holdings, NNN REIT And A Major Semiconductor Stock: CNBC's 'Final Trades'

BY Benzinga | CORPORATE | 09/22/23 08:53 AM EDT

On CNBC's "Halftime Report Final Trades," Jenny Harrington of Gilman Hill Asset Management said NNN REIT, Inc. (NYSE:NNN) has 6.1% dividend yield.

NNN REIT priced its public offering of $500 million of 5.600% senior unsecured notes due 2033. The notes were offered at 97.676% of the principal amount, with a yield to maturity of 5.905%.

Benzinga's analyst rating data shows a consensus Buy rating on NNN REIT.

Jim Lebenthal of Cerity Partners said semiconductors have pulled back over the last month and a half, and a lot of bargains have appeared, and NXP Semiconductors N.V. (NASDAQ:NXPI) is one of those.

NXP reported second-quarter earnings of $3.43 per share, which beat the analyst consensus estimate of $3.27, a 2.56% decrease over earnings of $3.52 per share from the same period last year.

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Josh Brown of Ritholtz Wealth Management named CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as his final trade. "I am still in the name and I like it," he added.

Multiple analysts raised price targets on CrowdStrike. The price target increases come after CrowdStrike made several announcements at Fal.Con 2023 this week, including a new partner program called Accelerate, CrowdStrike Marketplace, the next generation of Falcon with generative AI capabilities, new innovations for data protection and exposure management and a no-code application development platform.

Price Action: CrowdStrike shares fell 0.8% to close at $162.53, while NXP Semiconductors shares fell 0.5% to settle at $194.00 on Thursday. NNN REIT shares fell 3.9% to settle at $36.68 on Thursday.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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