Morgan Stanley, IBM And A Big 3 Automaker That's Buying Back Shares: CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners said General Motors Company GM has got cash flows and is also buying back shares.

General Motors plans to invest $632 million in the Fort Wayne Assembly plant to produce the next-generation internal combustion engine (ICE) full-size light-duty trucks.

Analysts have a consensus Buy rating on GM, according to Benzinga's analyst ratings data.

Sarat Sethi said Morgan Stanley MS is not a regional bank, but it’s a wealth management business that has "really great assets." It has a 3% dividend yield and a great management team.

Morgan Stanley will appoint its next chief executive officer within 12 months, succeeding the company's current CEO, James P. Gorman.

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Stephanie Link of Hightower named International Business Machines Corporation IBM as her final trade.

IBM disclosed its plans to open its first quantum data center in Europe.

Price Action: IBM shares rose 0.9% to settle at $137.60, while Morgan Stanley shares rose 1% to close at $88.28 on Tuesday. General Motors shares gained 2.7% to close at $37.65 during Tuesday’s session.

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