On CNBC’s “Halftime Report Final Trades,” Joseph Terranova of Virtus Investment Partners named Visa Inc. (NYSE:V) as his final trade.
Visa reported better-than-expected financial results for its fourth quarter. The company reported quarterly earnings of $2.33 per share, which beat the analyst consensus estimate of $2.24, a 20.73% increase over earnings of $1.93 per share from the same period last year.
Stephanie Link of Hightower named Cummins Inc. (NYSE:CMI), which is down 9% year-to-date. “I like the Meritor acquisition,” she added.
JP Morgan analyst Ann Duignan recently downgraded Cummins from Neutral to Underweight and lowered the price target from $270 to $255.
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Jenny Harrington of Gilman Hill Asset Management said Stanley Black & Decker, Inc. (NYSE:SWK) has a 4.2% dividend yield.
Stanley Black & Decker is expected to report its third quarter 2023 earnings results on Oct. 27, 2023.
Jason Snipe of Odyssey Capital Advisors picked Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL).
Alphabet shares fell around 9.5% on Wednesday following third-quarter financial results. The company said revenue increased 11% year-over-year to $76.69 billion, which beat the consensus estimate of $75.94 billion.
Price Action: Visa shares gained 0.9% to close at $236.85, while Cummins shares fell 0.3% to settle at $218.58 on Wednesday. Stanley Black & Decker shares fell 2.7% to settle at $77.25, while Alphabet shares dipped 9.5% to settle at $125.61 on Wednesday.
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