On CNBC’s “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital picked Microsoft Corporation (NASDAQ:MSFT), expecting it to outperform the Nasdaq between now and the end of the year.
On Oct. 30, Microsoft reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro. The company reported first-quarter earnings per share of $3.30, beating a Street consensus estimate of $3.09 per share.
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Bryn Talkington of NewEdge Wealth named Invesco S&P 500 Equal Weight ETF (NYSE:RSP) as her final trade.
Rob Sechan of NewEdge Wealth picked Salesforce, Inc. (NYSE:CRM).
Salesforce will release its third quarter fiscal year 2025 results, after the closing bell on Tuesday, Dec. 3. Analysts expect the company to report quarterly earnings at $2.44 per share, up from $1.96 per share in the year-ago period. The company projects to report quarterly revenue of $9.34 billion.
Stephanie Link of Hightower said she expects a solid quarter from Target Corporation (NYSE:TGT).
On Oct. 22, Bernstein analyst Dean Rosenblum initiated coverage on Target with a Market Perform rating and announced a price target of $168.
Price Action:
- Invesco S&P 500 Equal Weight ETF fell 0.8% during Tuesday’s session.
- Salesforce shares fell 0.2% to settle at $341.15 during Tuesday’s session.
- Microsoft gained 1.6% during Tuesday’s session.
- Target shares gained 1.6% to close at $155.65 on Tuesday.
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