CNBC’s ‘Halftime Report Final Trades’ highlighted several companies making waves in the market. Brenda Vingiello of Sand Hill Global Advisors spotlighted Palo Alto Networks (PANW), a cybersecurity leader, for its continued market share growth. The company recently reported strong fourth-quarter results and issued positive guidance, further solidifying its position. Additionally, Palo Alto’s board authorized an extra $500 million for share repurchases, bringing the total remaining buyback authorization to $1 billion, indicating confidence in the company’s future prospects.
Meanwhile, Jim Lebenthal of Cerity Partners highlighted Delta Air Lines (DAL) as his final trade. His choice was motivated by Southwest Airlines Co (LUV) unveiling a new $2.5 billion share repurchase program. This move, along with Southwest’s enhanced growth projections and cost-saving initiatives, signals a broader optimism for the airline industry’s recovery and profitability. As a leading carrier in the U.S., Delta is expected to benefit from increased investor interest as competitors like Southwest pursue financial efficiency and stronger earnings growth. Delta Air Lines is set to release its September quarter financial results on Thursday, October 10th, through a live conference call and webcast.
On the healthcare front, Liz Young Thomas of SoFi chose The Health Care Select Sector SPDR Fund (XLV). Finally, Joshua Brown of Ritholtz Wealth Management highlighted PayPal Holdings, Inc. (PYPL) for its continued growth trajectory. PayPal recently announced its plan to expand its cryptocurrency services to U.S. business account holders, excluding New York State. This latest move, as per a press release issued on Tuesday, will enable U.S. merchants to buy, sell, and hold cryptocurrency directly from their business accounts.
In terms of price action, Palo Alto Networks closed down 0.5% at $338.73 on Thursday. Delta Air Lines shares surged 6.3%, settling at $51.81. The Health Care Select Sector SPDR Fund gained 0.3% during Thursday’s session. PayPal shares closed up 3.5% at $80.08 on Thursday.
