On CNBC's "Halftime Report Final Trades," Brenda Vingiello of Sand Hill Global Advisors picked Accenture plc (NYSE:ACN), saying the outsourcing and consulting theme are going to be a huge theme over the next decade.
On Oct. 2, Accenture inked an expanded partnership with NVIDIA Corporation (NASDAQ:NVDA), which included the establishment of a new NVIDIA Business Group by Accenture to assist global enterprises in rapidly scaling their AI adoption.
Rob Sechan of NewEdge Wealth named International Business Machines Corporation (NYSE:IBM) ahead of earnings.
IBM will release earnings results for its third quarter, after the closing bell on Wednesday, Oct. 23. Analysts expect the Armonk, New York-based company to report quarterly earnings at $2.23 per share, up from $2.01 per share in the year-ago period. IBM projects to report revenue of $15.07 billion for the recent quarter, compared to $13.42 billion a year earlier, according to data from Benzinga Pro.
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Shannon Saccocia of NB Private Wealth named iShares U.S. Industrials ETF (NYSE:IYJ) as her final trade.
Joseph M. Terranova of Virtus Investment Partners picked Royal Caribbean Cruises Ltd. (NYSE:RCL).
On Tuesday, Barclays analyst Brandt Montour maintained Royal Caribbean with an Overweight and raised the price target from $195 to $244.
Price Action:
- Accenture fell 1.1% to close at $371.79 during Tuesday's session.
- IBM shares gained 0.2% to settle at $232.25.
- iShares U.S. Industrials ETF fell 1.1% during Tuesday's session.
- Royal Caribbean Cruises shares gained 1.7% to close at $203.35 on Tuesday.
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