On CNBC’s “Halftime Report Final Trades,” Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, named Target Corporation (NYSE:TGT) as her final trade.
Lending support to her choice, Wells Fargo analyst Edward Kelly, on July 30, maintained Target with an Overweight rating and raised the price target from $140 to $165.
Rob Sechan, CEO of NewEdge Wealth, picked Monolithic Power Systems, Inc. (NASDAQ:MPWR).
Monolithic Power, on Thursday, reported better-than-expected second-quarter financial results and issued strong third-quarter sales guidance.
Monolithic Power reported quarterly earnings of $6.50 per share, which beat the analyst consensus estimate of $5.87 per share. The company reported quarterly sales of $980.642 million, which beat the analyst consensus estimate of $902.496 million.
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Amy Raskin, chief investment officer at Chevy Chase Trust, recommended SLB N.V. (NYSE:SLB), an energy stock.
Supporting her view, SLB, on July 24, reported better-than-expected second-quarter financial results.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Transocean Ltd. (NYSE:RIG) ahead of quarterly earnings.
Transocean will report earnings for the second quarter on Wednesday, Aug. 5, after the closing bell. Analysts expect the company to report quarterly earnings at 1 cent per share on revenue of $962.88 million.
Price Action:
- Target shares slipped 0.01% to close at $144.49 on Friday.
- Monolithic Power shares gained 8.4% to close at $1,426.03 during the session.
- SLB shares gained 1.4% to close at $49.59 on Friday.
- Transocean shares rose 4.7% to settle at $5.32 during the session.
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