On CNBC's “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth said Salesforce, Inc. CRM can exceed market expectations when they report quarterly earnings next week.
Analysts expect Salesforce to report quarterly earnings at $2.36 per share on Wednesday, Aug. 28. That’s up from $2.12 per share in the year-ago period. The company projects to report quarterly revenue of $9.23 billion.
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Joshua Brown of Ritholtz Wealth Management said he is staying long on Nasdaq, Inc. NDAQ.
On Aug. 15, Deutsche Bank analyst Brian Bedell maintained Nasdaq with a Hold rating and raised the price target from $66 to $72.
Karen Firestone of Aureus Asset Management named UnitedHealth Group Incorporated UNH as her final trade.
On July 16, UnitedHealth Group reported better-than-expected second-quarter earnings. The company reported adjusted EPS of $6.80, up from $6.14 a year ago, beating the consensus of $6.66, according to data from Benzinga Pro. UnitedHealth's revenues increased nearly $6 billion (+6.4% Y/Y) to $98.86 billion, beating the consensus of $98.34 billion, led by expansion in people served domestically at Optum and UnitedHealthcare.
Stephanie Link picked The TJX Companies, Inc. TJX, which will release earnings on Wednesday.
TJX is set to release earnings results for its second quarter, before the opening bell on Wednesday, Aug. 21. Analysts expect the Framingham, Massachusetts-based company to report quarterly earnings at 92 cents per share, up from 85 cents per share in the year-ago period. TJX projects to report quarterly revenue of $13.31 billion for the quarter, according to data from Benzinga Pro.
Price Action:
- Nasdaq shares gained 0.2% to close at $70.09 on Tuesday.
- Salesforce shares fell 1.3% to settle at $261.84 during Tuesday's session.
- UnitedHealth shares climbed 0.3% to close at $580.65 during Tuesday's session.
- TJX shares gained 0.7% to settle at $113.31 on Tuesday.
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