On CNBC's “Halftime Report Final Trades,” Short Hills Capital Partners’ Stephen Weiss stated that he is maintaining his position in Uber Technologies, Inc. (NYSE:UBER) following the company’s strong quarter and announcement of a buyback program.
On Wednesday, the company reported quarterly revenue growth of 18% year-over-year to $12.65 billion, surpassing the analyst consensus estimate of $12.46 billion.
San Francisco-based Uber also reported adjusted EPS of 63 cents, which beat the analyst consensus estimate of 62 cents.
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Malcolm Ethridge, Managing Partner at Capital Area Planning Group, named Rocket Companies, Inc. (NYSE:RKT) as his final trade.
On Tuesday, Keefe, Bruyette & Woods analyst Bose George maintained Rocket Companies with a Market Perform and raised the price target from $14 to $15, while UBS analyst Douglas Harter maintained the stock with a Neutral and boosted the price target from $14 to $16.
Joe Terranova, senior managing director at Virtus Investment Partners, picked Walmart Inc. (NYSE:WMT) as his final trade.
As per the recent news, Walmart, on July 29, disclosed a multi-year partnership with Major League Soccer and Leagues Cup to elevate the game for U.S. fans.
SoFi’s Liz Young Thomas picked The Financial Select Sector SPDR Fund (NYSE:XLF), saying financials can benefit in case of rate cuts.
Price Action:
- Uber shares fell 0.2% to settle at $89.22 on Wednesday.
- The Financial Select Sector SPDR Fund gained 0.5% during the session.
- Rocket Companies rose 0.5% to close at $18.12 during the session.
- Walmart rose 4.1% to close at $103.36 on Wednesday.
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