Zinger Key Points
- CME Group has a free cash flow of $3.5 billion, says Kevin Simpson.
- Joshua Brown names Berkshire Hathaway as his final trade.
- Get New Picks of the Market's Top Stocks
On CNBC's “Halftime Report Final Trades,” Kevin Simpson of Capital Wealth Planning said CME Group Inc. CME yields a 4.5% dividend and trades at a forward PE of 21, which is pretty low. The company has a free cash flow of $3.5 billion.
On Aug. 2, CME Group reported its July market statistics set a new July average daily volume (ADV) record of 24.8 million contracts, up 24% from the year-ago month.
Bill Baruch of Blue Line Capital said Chubb Limited CB is the best in breed. Warren Buffett is a big fan of that stock.
On July 23, Chubb posted better-than-expected second-quarter earnings. The company reported quarterly earnings of $5.38 per share which beat the analyst consensus estimate of $5.15. The company reported quarterly sales of $11.780 billion which beat the analyst consensus estimate of $11.642 billion.
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Joshua Brown of Ritholtz Wealth Management said Berkshire Hathaway Inc. BRK continues to move higher.
On July 22, TD Cowen analyst Andrew Kilgerman initiated coverage on Berkshire Hathaway with a Hold rating and announced a price target of $465.
Liz Young of SoFi named iShares U.S. Medical Devices ETF IHI as her final trade.
Price Action:
- CME Group shares fell 0.5% to close at $214.10 during Thursday's session.
- Chubb shares gained 1.2% to settle at $281.98 during Thursday's session.
- Berkshire Hathaway shares gained 0.8% to settle at $468.37 on Thursday.
- iShares U.S. Medical Devices ETF rose 0.5% during Thursday's session.
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