On CNBC’s ‘Halftime Report Final Trades,’ market experts shared their final picks for the day, highlighting opportunities in technology, real estate, and energy.
Bill Baruch of Blue Line Capital selected
Micron Technology (MU)
, citing that the stock has already priced in all the negative news. He believes Micron is poised for a rebound, particularly after the company announced the release of its Crucial P310 2280 Gen4 NVMe solid-state drive (SSD), designed to boost performance in PCs, laptops, and even the PlayStation 5. Micron plans to release a version with a heatsink specifically tailored for the PlayStation 5 and desktop gaming PCs in the coming months. This SSD is expected to deliver fast speeds for tasks ranging from gaming to running multiple creative applications simultaneously.Shannon Saccocia of NB Private Wealth went with the
iShares U.S. Real Estate ETF (IYR)
, betting on a decline in interest rates. Lower rates typically make real estate more affordable and attractive for investors.Rounding out the final trades, Josh Brown of Ritholtz Wealth Management chose the
iShares U.S. Oil & Gas Exploration & Production ETF (IEO)
. He highlighted the S&P Energy sector’s attractive valuation, trading at a forward price-to-earnings ratio of 10 and a price-to-sales ratio of 1. These metrics suggest potential upside for oil and gas exploration and production stocks.Here’s how the mentioned stocks performed on Tuesday: Micron gained 1.8% to close at $88.73, iShares U.S. Real Estate ETF declined by 0.8%, and iShares U.S. Oil & Gas Exploration & Production ETF rose by 1.8%.
These final trades offer insights into the market’s current sentiment and areas where experts see potential opportunities for investors. As always, it’s important to conduct thorough research and consult with a financial advisor before making any investment decisions.
