Zinger Key Points
- Bill Baruch of Blue Line Capital names Microsoft as his final trade.
- Stephanie Link expects a solid quarter from Target.
- Discover Fast-Growing Stocks Every Month
On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital picked Microsoft Corporation MSFT, expecting it to outperform the Nasdaq between now and the end of the year.
On Oct. 30, Microsoft reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro. The company reported first-quarter earnings per share of $3.30, beating a Street consensus estimate of $3.09 per share.
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Bryn Talkington of NewEdge Wealth named Invesco S&P 500 Equal Weight ETF RSP as her final trade.
Rob Sechan of NewEdge Wealth picked Salesforce, Inc. CRM.
Salesforce will release its third quarter fiscal year 2025 results, after the closing bell on Tuesday, Dec. 3. Analysts expect the company to report quarterly earnings at $2.44 per share, up from $1.96 per share in the year-ago period. The company projects to report quarterly revenue of $9.34 billion.
Stephanie Link of Hightower said she expects a solid quarter from Target Corporation TGT.
On Oct. 22, Bernstein analyst Dean Rosenblum initiated coverage on Target with a Market Perform rating and announced a price target of $168.
Price Action:
- Invesco S&P 500 Equal Weight ETF fell 0.8% during Tuesday's session.
- Salesforce shares fell 0.2% to settle at $341.15 during Tuesday's session.
- Microsoft gained 1.6% during Tuesday's session.
- Target shares gained 1.6% to close at $155.65 on Tuesday.
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