The CNBC ‘Halftime Report’ offered a compelling look at top stocks to watch on Thursday, with analysts sharing their insights and final trades.
Westinghouse Air Brake Technologies Corporation (WAB)
Jim Lebenthal of Cerity Partners championed Westinghouse Air Brake Technologies Corporation (WAB), which reached a new high on Wednesday. The company’s recent performance was underscored by its October 23rd earnings report, where it exceeded analysts’ expectations, reporting $2.00 per share in earnings against a consensus estimate of $1.90. While the company’s quarterly sales of $2.663 billion fell slightly short of the anticipated $2.692 billion, Lebenthal’s confidence in WAB remained strong.
Clearway Energy, Inc. (CWEN)
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management turned her attention to Clearway Energy, Inc. (CWEN), emphasizing its attractive 6.2% yield. The company delivered strong third-quarter results, announced on October 30th, with earnings per share soaring to 31 cents, a significant jump from the previous year’s 3 cents. Clearway Energy’s sales for the quarter reached $486.00 million, highlighting its robust performance.
First Trust NASDAQ Cybersecurity ETF (CIBR)
Liz Young Thomas of SoFi picked the First Trust NASDAQ Cybersecurity ETF (CIBR) as her final trade. This ETF offers diversified exposure to the burgeoning cybersecurity sector, capitalizing on its continued growth and demand.
Toast, Inc. (TOST)
Joshua Brown of Ritholtz Wealth Management maintained his bullish stance on Toast, Inc. (TOST). The company’s impressive third-quarter financial results, released on November 7th, solidified Brown’s confidence. Toast surpassed expectations with earnings of 7 cents per share against an analyst estimate of 1 cent, and its quarterly sales of $1.30 billion outpaced the predicted $1.29 billion, demonstrating its robust growth trajectory.
Price Action
Westinghouse Air Brake Technologies shares experienced a slight decline of 0.8% on Thursday, closing at $198.72. Clearway Energy shares saw a positive performance, rising 3.1% to $27.67. The First Trust NASDAQ Cybersecurity ETF gained 1.3% on the day, while Toast shares closed at $32.67, up 1.7% from the previous day’s close.
