CNBC’s ‘Halftime Report Final Trades’ showcased a diverse set of stocks attracting investor attention. Joshua Brown of Ritholtz Wealth Management highlighted Samsara Inc. (IOT), an Internet of Things (IoT) company, reaching a record high on Friday. Samsara’s strong performance was fueled by their impressive second-quarter earnings, beating analyst expectations with a 5 cent per share profit and $300.20 million in revenue.
Stephen Weiss of Short Hills Capital Partners favored iShares India 50 ETF (INDY), pointing towards the positive impact of declining interest rates on emerging market economies. Lower interest rates tend to boost growth in these markets, making the iShares India 50 ETF an attractive investment opportunity.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management advocated for Aptiv PLC (APTV), highlighting its attractive valuation of 9.5 times earnings with projected 20% earnings growth over the next three years. This bullish outlook was further solidified by a recent upgrade from Wells Fargo analyst Colin Langan, who raised the rating from Equal-Weight to Overweight and increased the price target from $78 to $87.
Joseph M. Terranova of Virtus Investment Partners selected Constellation Energy Corporation (CEG) for his final trade. Constellation Energy’s stock soared on Friday following the announcement of a 20-year power purchase agreement with Microsoft Corporation (MSFT). This agreement will lead to the establishment of the Crane Clean Energy Center (CCEC) and the revitalization of the Three Mile Island Unit 1, a nuclear power plant that had been closed for five years.
Here’s a glimpse at the price movements of these notable stocks on Friday: Samsara gained 3.8% to close at $49.39, Aptiv shares dipped 1% to settle at $69.84, iShares India 50 ETF rose 1.2%, and Constellation Energy shares surged 22.3% to close at $254.98.
This episode of CNBC’s ‘Halftime Report Final Trades’ provides valuable insights into the market trends and investment strategies of experienced professionals. It highlights companies with strong earnings, positive growth prospects, and strategic partnerships, offering investors a glimpse into the potential market movers of the future.
