On CNBC’s “Halftime Report Final Trades,” Richard Saperstein of HighTower Treasury Partners said Lockheed Martin Corporation (NYSE:LMT) has a 5.5% free cash flow yield.
Lockheed Martin reportedly raised concerns over L3Harris Technologies’ acquisition of Aerojet Rocketdyne Holdings Inc.
Jenny Harrington of Gilman Hill Asset Management said Crown Castle Inc. (NYSE:CCI) has a 5.5% yield. That dividend should go low-single digits over the next couple of years, and pick up speed after that, she added.
Crown Castle reported first-quarter revenues of $1.77 billion, beating the consensus of $1.76 billion.
Analysts have a consensus Outperform rating on CCI, according to Benzinga’s analyst ratings data.
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Josh Brown of Ritholtz Wealth Management said Robinhood Markets, Inc. (NASDAQ:HOOD) just announced layoffs, which the Street likes. “Keep an eye on it,” he added.
Robinhood is cutting about 7% of its full-time staff in response to a slowdown in customer trading activity and reduced customer engagement.
Price Action: Robinhood shares rose 3.2% to settle at $9.94, while Crown Castle shares rose 0.5% to close at $111.36 on Tuesday. Lockheed Martin shares rose 0.1% to close at $453.15 during the Tuesday’s session.
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