On CNBC's “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, named eBay Inc. (NASDAQ:EBAY) as his final trade.
EBay recently rejected GameStop Corp.'s (NYSE:GME) unsolicited $55.5 billion takeover proposal, citing financing uncertainty, valuation concerns, and execution risks.
Kevin Simpson, founder and chief investment officer of Capital Wealth Planning, picked Palo Alto Networks, Inc. (NASDAQ:PANW) ahead of quarterly earnings.
The company will release its fiscal third-quarter financial results after the closing bell on Tuesday, June 2. Analysts expect the company to report quarterly earnings at 80 cents per share on revenue of $2.94 billion.
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Brian Belski, founder, CEO & chief investment officer at Humilis Investment Strategies, recommended Invesco Ltd. (NYSE:IVZ).
On the earnings front, Invesco reported first-quarter earnings of 57 cents per share on April 28, missing the analyst consensus estimate of 58 cents per share. The company reported quarterly sales of $1.264 billion, but missed the analyst consensus estimate of $1.271 billion.
Jenny Van Leeuwen Harrington, chief executive officer of Gilman Hill Asset Management, LLC, said Microchip Technology Incorporated (NASDAQ:MCHPP) has a 4.7% yield.
Price Action
- eBay shares gained 2.6% to close at $116.13 on Friday.
- Palo Alto gained 1.9% to settle at $242.83 during the session.
- Invesco shares fell 1.4% to settle at $27.12 on Friday.
- Microchip Technology shares fell 3% to close at $79.87.
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