On CNBC’s “Halftime Report Final Trades,” Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, said Wells Fargo & Company (NYSE:WFC) is expected to report a very good quarter.
Wells Fargo is scheduled to announce third-quarter earnings before the opening bell on Tuesday, Oct. 13. Analysts expect quarterly earnings of $1.86 per share, up from $1.66 per share a year ago. Analysts estimate WFC’s quarterly revenue at $22.32 billion. It reported $21.44 billion last year, according to Benzinga Pro.
Rob Sechan, CEO of NewEdge Wealth, picked Hewlett Packard Enterprise Company (NYSE:HPE).
On Oct. 7, HPE launched its first four ProLiant Gen13 servers powered by 6th Gen Advanced Micro Devices, Inc. (NASDAQ:AMD) EPYC processors.
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Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, said he likes Arista Networks, Inc. (NYSE:ANET).
Supporting his choice, Citigroup analyst Atif Malik maintained Arista Networks with a Buy rating on Oct. 8 and raised the price target from $215 to $248.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, named UnitedHealth Group Incorporated (NYSE:UNH) as his final trade.
On earnings, UnitedHealth Group said it will release its third-quarter financial results on Tuesday, Oct. 13, before the opening bell. Analysts expect the company to report quarterly earnings of $4.15 per share on revenue of $111.49 billion.
Price Action
- Wells Fargo shares gained 1.9% to close at $83.55 on Friday.
- Hewlett Packard Enterprise gained 3.5% to settle at $73.46 on Friday.
- Arista Networks shares gained 2.7% to close at $216.74.
- UnitedHealth shares gained 2.3% to settle at $379.30 on Friday.
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