On CNBC’s popular segment ‘Halftime Report Final Trades,’ investment experts shared their picks for promising stocks. Kevin Simpson of Capital Wealth Planning favored Nvidia Corporation (NVDA), citing their recent roadshow in New York. Investors are enthusiastic about the company’s future prospects. This sentiment is echoed by Morgan Stanley analyst Joseph Moore, who reiterated an Overweight rating for Nvidia with a $150 price target. Furthermore, Nvidia CEO Jensen Huang is set to deliver a keynote at the Consumer Electronics Show (CES) 2025 in Las Vegas from January 7-10, 2025. This event coincides with rumors of Nvidia’s next-generation GPUs being released in 2025, as reported by The Verge.
Meanwhile, Liz Young Thomas of SoFi recommended The Health Care Select Sector SPDR Fund (XLV) as her final trade.
Joshua Brown of Ritholtz Wealth Management highlighted Samsara Inc. (IOT), another tech company focused on the Internet of Things (IoT) sector. Samsara recently reported strong quarterly earnings, exceeding analyst expectations on both earnings per share and revenue. The company’s co-founder and CEO, Sanjit Biswas, stated, ‘We achieved another strong quarter of durable and efficient growth at a greater scale. Q2 ended at $1.264 billion in ARR, growing 36% year-over-year, and at a quarterly record non-GAAP operating margin.’
The stock market reacted positively to these developments. NVIDIA shares rose 1.6% to close at $134.81 on Thursday, while Samsara shares gained 5.6% to settle at $50.61. The Health Care Select Sector SPDR Fund, however, saw a slight decline of 0.4% on Thursday.
These picks from CNBC’s ‘Halftime Report Final Trades’ highlight the current investment sentiment surrounding Nvidia and Samsara. Both companies are showing strong growth and are attracting attention from analysts and investors alike.
