On CNBC's “Halftime Report Final Trades,” Stephanie Link, Chief Investment Strategist at Hightower Advisors, picked Visa Inc. (NYSE:V) as her final trade.
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Visa will report its fiscal third quarter financial results on Tuesday, July 29. Analysts expect the company to report quarterly earnings at $2.85 per share. That’s up from $2.42 per share in the year-ago period. The company projects quarterly revenue of $9.85 billion, compared to $8.9 billion a year earlier.
Rob Sechan, CEO of NewEdge Wealth, named Gilead Sciences, Inc. (NASDAQ:GILD) as his final trade.
Needham analyst Joseph Stringer upgraded Gilead Sciences from Hold to Buy on Friday and announced a $133 price target.
Jason Snipe, Founder and Chief Investment Officer of Odyssey Capital Advisors, said Blackstone Inc. (NYSE:BX) reported a “really strong” quarter.
On July 24, Blackstone announced a solid second quarter, surpassing analyst expectations with a 22% year-over-year (YoY) increase in segment revenues. The strong performance was fueled by a 25% increase in distributable earnings and robust growth across its key business segments, pushing the firm's total assets under management to a new industry record of over $1.2 trillion.
Jim Lebenthal, partner at Cerity Partners, said The Walt Disney Company (NYSE:DIS) is ready to break out a consolidation.
Lending support to his choice, UBS analyst John Hodulik, on July 16, maintained Walt Disney with a Buy rating and raised the price target from $120 to $138.
Price Action:
- Gilead Sciences shares gained 2.7% to close at $116.20 on Friday.
- Blackstone shares slipped to $178.10 during the session.
- Disney shares fell 0.4% to settle at $121.47 on Friday.
- Visa shares gained 0.9% to close at $357.04.
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