Zinger Key Points
- BMO's Belski highlights Bank of America's earnings and yield; Odyssey Capital's Snipe chooses Costco.
- Link picks Target post-strong results; Terranova favors SPDR Gold amid market gains.
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On CNBC’s "Halftime Report Final Trades," Brian Belski of BMO Capital Markets said Bank of America Corporation BAC has 8 times earnings and a great dividend yield.
Bank of America recently reported better-than-expected earnings for its third quarter.
Jason Snipe of Odyssey Capital Advisors recommended staying long on Costco Wholesale Corporation COST. The company’s stock surged to a new 52-week high.
Telsey Advisory Group analyst Joseph Feldman reiterated Costco Wholesale with an Outperform rating and maintained a $600 price target.
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Stephanie Link of Hightower named Target Corporation TGT as her final trade.
Target recently reported better-than-expected third-quarter financial results.
Joseph Terranova of Virtus Investment Partners picked SPDR Gold Shares GLD, saying gold is breaking to the upside.
Gold futures gained around 0.2% to trade at $2,015.40 an ounce during Tuesday’s session.
Price Action: Bank of America shares fell 0.6% to close at $29.56, while Costco shares rose 0.6% to settle at $594.90 on Monday. Target fell 0.1% to settle at $131.33, while SPDR Gold Shares gained 0.7% during Monday’s session.
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