On CNBC's "Halftime Report Final Trades," Rob Sechan of NewEdge Wealth said Meta Platforms, Inc. (NASDAQ:META) continues its near-term momentum.
Meta CEO Mark Zuckerberg sold approximately $88 million worth of company stock over the past week, according to regulatory filings with the U.S. Securities and Exchange Commission (SEC) on Wednesday.
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Stephanie Link of Hightower picked Rockwell Automation, Inc. (NYSE:ROK) as her final trade.
On Monday, Keybanc analyst Ken Newman upgraded Rockwell Automation from Sector Weight to Overweight and maintained the price target of $345. Citigroup analyst Andrew Kaplowitz maintained the stock with a Buy and raised the price target from $313 to $345.
Shannon Saccocia of NB Private Wealth named The Utilities Select Sector SPDR Fund (NYSE:XLU) as her final trade.
Joseph M. Terranova of Virtus Investment Partners picked Zoom Communications Inc. (NASDAQ:ZM).
On Nov. 25, Zoom reported third-quarter revenue of $1.18 billion, beating the consensus estimate of $1.16 billion. The communications company reported third-quarter adjusted earnings of $1.38 per share, beating analyst estimates of $1.31 per share.
Zoom expects fiscal fourth-quarter revenue to be in the range of $1.175 billion to $1.18 billion versus estimates of $1.17 billion. The company sees fourth-quarter adjusted earnings of $1.29 to $1.30 per share versus estimates of $1.28 per share.
Price Action:
- Rockwell Automation shares gained by 1.3% to close at $297.38 on Wednesday.
- Meta shares gained by 2.2% to settle at $632.68 during Wednesday's session.
- The Utilities Select Sector SPDR Fund fell 0.6% during Wednesday's session.
- Zoom shares gained 3.3% to close at $86.59.
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