On CNBC’s popular ‘Halftime Report Final Trades’ segment, financial experts shared their picks for the day, offering insights into the potential movements of several key companies.
Marriott International
(MAR) was a standout pick from Joshua Brown of Ritholtz Wealth Management. With Marriott set to release its third-quarter earnings on Monday, November 4th, analysts anticipate strong performance. The company is projected to report earnings of $2.31 per share, a significant jump from the $2.11 reported in the same period last year. Revenue is also expected to climb to $6.27 billion, up from $5.89 billion in the previous year.Bryn Talkington of Requisite Capital Management favored
Sprott Uranium Miners ETF
(URNM), predicting a potential rise to $60 per share. This ETF tracks the performance of uranium mining companies, a sector experiencing renewed interest amid growing demand for the nuclear fuel.
Vistra Corp.
(VST) was chosen by Rich Saperstein of Treasury Partners. Vistra, a leading energy company, has garnered a ‘Buy’ rating from UBS analyst William Appicelli, who recently lowered the price target from $157 to $150.Stephen L. Weiss of Short Hills Capital Partners selected
Taiwan Semiconductor Manufacturing Company Limited
(TSM). The semiconductor giant has made headlines after halting shipments to Chinese chip designer Sophgo, following the discovery that Sophgo was manufacturing chips identical to those found in Huawei’s Ascend 910B AI processor. This incident has raised concerns about potential security risks and the broader implications for the semiconductor industry.
Price Action:
* Marriott shares closed up 0.2% at $262.55 on Monday.
* Sprott Uranium Miners ETF gained 0.3% during the day’s trading.
* Vistra shares saw a 3% rise, closing at $127.78.
* Taiwan Semiconductor shares experienced a 4.3% drop, ending the day at $194.68.
These CNBC insights provide valuable perspectives on key market trends and the potential for these companies to perform in the coming weeks. Investors are advised to conduct thorough research and consider individual risk tolerance before making any investment decisions.
