On CNBC’s “Halftime Report Final Trades,” Josh Brown of Ritholtz Wealth Management named Starbucks Corporation (NASDAQ:SBUX) as his final trade.
Starbucks has been found in violation of federal labor law for selectively raising wages and offering improved benefits to its non-unionized stores across the U.S. last year, according to a decision by Administrative Law Judge Mara-Louise Anzalone.
Stephanie Link of Hightower said she really likes Cisco Systems, Inc’s (NASDAQ:CSCO) acquisition of Splunk Inc (NASDAQ:SPLK).
Cisco Systems announced agreements to acquire Splunk for $157 per share, a total equity value of about $28 billion.
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Jim Lebenthal of Cerity Partners picked The Boeing Company (NYSE:BA). Even though Boeing’s stock has been disappointing over the last month or so, news of the company elevating the production of its 737 is “big,” he noted.
Boeing is reportedly gearing up to elevate the production of its renowned 737 narrowbody aircraft to unprecedented levels by mid-2025, a move reflecting the surge in orders and the firm’s rebound post the 737 MAX crisis.
Price Action: Boeing shares gained 0.6% to close at $188.92, while Cisco slipped 0.7% to settle at $53.65 on Tuesday. Starbucks shares fell 1.8% to settle at $89.48 on Tuesday.
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