In a landscape where economic resilience is constantly tested, three key insights from CNBC's “Halftime Report Final Trades” offer a glimpse into the shifting dynamics of the industrial and healthcare sectors, as well as the promising potential of e-commerce.
On Wednesday’s program, Jim Lebenthal at Cerity Partners said Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is a solid mid-cap industrial.
Supporting his view, BofA Securities analyst Ken Hoexter maintained a Buy rating for Westinghouse Air Brake on Tuesday and raised the price target from $231 to $236.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked UnitedHealth Group Incorporated (NYSE:UNH), which fell on Wednesday, on the Wall Street Journal article.
UnitedHealth Group is facing renewed legal pressure as shareholders file additional lawsuits, many of which reference a federal investigation into the company’s Medicare billing practices, as reported by The Wall Street Journal in May.
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Joseph M. Terranova, senior managing director for Virtus Investment Partners, said DoorDash, Inc. (NASDAQ:DASH) has very strong pricing power.
On the earnings front, DoorDash will release second-quarter financial results after the closing bell on Wednesday, Aug. 6. Analysts expect the company to report quarterly earnings at 43 cents per share, versus a year-ago loss of 38 cents per share.
Price Action:
- Westinghouse Air Brake Technologies shares gained 0.6% to close at $213.05 on Wednesday.
- UnitedHealth fell 1.6% to close at $302.91 during the session.
- DoorDash shares gained 1.9% to close at $246.06 during the session.
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