On Tuesday’s edition of CNBC’s ‘Halftime Report Final Trades,’ financial experts weighed in on the prospects of several key companies. Kevin Simpson of Capital Wealth Planning highlighted Meta Platforms, Inc. (META), predicting a strong earnings performance. Meta has consistently exceeded expectations in the past seven quarters, and Wall Street anticipates a quarterly earnings report of $5.25 per share on revenue of $40.29 billion, to be released after the market closes today.
Meanwhile, Jim Lebenthal of Cerity Partners chose Delta Air Lines, Inc. (DAL) as his final trade. This selection comes amid a legal battle between Delta and cybersecurity firm CrowdStrike Holdings Inc. (CRWD). Delta filed a lawsuit in Georgia state court following a significant global outage in July that resulted in widespread flight cancellations. The lawsuit alleges that a software update from CrowdStrike caused a system-wide crash, affecting over 8.5 million Microsoft Windows-based computers globally.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC, focused on Star Bulk Carriers Corp. (SBLK), highlighting its attractive 11% dividend yield. However, it’s important to note that Stifel analyst Benjamin Nolan recently downgraded Star Bulk Carriers’ rating from Buy to Hold and lowered the price target from $30 to $21 on October 23rd.
In terms of stock performance, Meta shares saw a 2.6% increase to close at $593.28 on Tuesday. Delta Air Lines shares also rose, closing at $57.34 after a 3.5% gain. Star Bulk Carriers shares ended the day at $19.37, up 1.8%. These insights from CNBC’s ‘Halftime Report Final Trades’ provide a snapshot of the market sentiment surrounding these specific companies and offer valuable information for investors looking to make informed decisions.
