Apple, Alphabet, JB Hunt And Howmet Aerospace: CNBC’s ‘Final Trades’

Benzinga Earnings08-05 19:44

On CNBC’s “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said he is still long on Apple Inc. (NASDAQ:AAPL) despite the recent decline in the stock following third-quarter earnings.

On July 30, Apple reported better-than-expected financial results. Still, the iPhone manufacturer issued Q4 sales guidance below estimates.

Apple’s fiscal Q3 revenue was $109.42 billion. It beat analyst estimates of $108.65 billion. The Cupertino, California-based company reported earnings of $2.02 per share for the quarter, beating estimates of $1.89 per share, according to Benzinga Pro.

Don’t forget to check out our premarket coverage here

Rob Sechan, CEO of NewEdge Wealth, named Howmet Aerospace Inc. (NYSE:HWM), an industrial stock that, as of July 27, has an Outperform rating from RBC Capital. Ken Herbert, an analyst at the firm, raised the price target from $300 to $325.

Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL).

Alphabet, on July 22, posted Q2 revenue of approximately $119.8 billion, beating analyst estimates of $116.82 billion, according to Benzinga Pro. The Google parent company reported Q2 earnings of $9.11 per share, which may not compare to estimates.

Earnings are up 294% year-over-year, the company reported.

Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended J B Hunt Transport Services Inc (NASDAQ:JBHT).

Supporting his view, J.B. Hunt Transport posted its second-quarter results on July 15, beating analyst estimates on the top and bottom lines.

Price Action

  • Apple shares gained 2% to close at $309.38 on Tuesday.
  • Howmet Aerospace shares gained 0.7% to close at $288.20 during the session.
  • Alphabet shares gained 0.8% to close at $375.35 on Tuesday.
  • J B Hunt shares rose 2.8% to settle at $274.48 during the session.

Read Also: Stock Market Today: S&P 500, Dow Futures Gain After Scott Bessent Signals Strait of Hormuz Deal With Iran in Sight

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment