On CNBC’s “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth said International Business Machines Corporation (NYSE:IBM) trades at 18 times and is a “nice combination of defensive growth and margin expansion.”
On July 24, IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus estimate of $2.19 per share. Quarterly sales clocked in at $15.8 billion, which beat the analyst consensus estimate of $15.616 billion, up from $15.475 billion in the year-ago period.
Stephanie Link of Hightower Advisors said Dell Technologies Inc. (NYSE:DELL) is down 46% from its highs and is trading at 13 times earnings.
On Aug. 13, Barclays analyst Tim Long upgraded the rating for Dell Technologies from Underweight to Equal-Weight and announced a price target of $97.
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Joseph Terranova of Virtus Investment Partners named Meta Platforms, Inc. (NASDAQ:META) as his final trade.
On July 31, Meta reported better-than-expected second-quarter financial results and issued third-quarter guidance above estimates. Meta reported second-quarter revenue of $39.07 billion, beating analyst estimates of $38.31 billion.
The company reported second-quarter adjusted earnings of $5.16 per share, beating analyst estimates of $4.73 per share. Meta expects third-quarter revenue to be in the range of $38.5 billion to $41 billion, versus estimates of $38.31 billion.
Price Action:
- IBM shares gained 0.8% to close at $190.99 on Tuesday.
- Dell shares gained 4.9% to settle at $99.94 during Tuesday’s session.
- Meta shares rose 2.4% to settle at $528.54 on Tuesday.
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