QXO, Apple, Exxon Mobil and a Financial Stock: CNBC’s ‘Final Trades’
On CNBC’s “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked QXO, Inc. (NYSE:QXO) following the release of quarterly earnings.
QXO reported fourth-quarter earnings of 2 cents per share on Feb. 25, missing the analyst consensus estimate of 3 cents per share. The company reported quarterly sales of $2.194 billion, which missed the analyst consensus estimate of $2.211 billion.
Rob Sechan, CEO of NewEdge Wealth, named Blackstone Inc. (NYSE:BX) as his final trade.
Supporting his view, RBC Capital analyst Bart Dziarski initiated coverage of Blackstone on Feb. 24 with an Outperform rating and a price target of $179.
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Jim Lebenthal, partner at Cerity Partners, recommended ExxonMobil Corporation (NYSE:XOM).
Lending support to his choice, Wells Fargo analyst Sam Margolin, on Feb. 24, maintained ExxonMobil with an Overweight rating and raised the price target from $156 to $183.
Kevin Simpson, Capital Wealth Planning founder and CIO, said he likes Apple Inc. (NASDAQ:AAPL).
According to Bloomberg, Apple is in talks with banks to launch a payment service in India.
Price Action:
- QXO shares gained 0.3% to close at $23.95 on Friday.
- Blackstone shares fell 3.9% to settle at $113.37 during the session.
- Exxon Mobil shares gained 2.7% to settle at $152.50 on Friday.
- Apple shares fell 3.2% to close at $264.18 during the session.
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