Cisco, TJX, Leidos And More: CNBC's 'Final Trades'
Jim Lebenthal of Cerity Partners picked Cisco Systems, Inc. (NASDAQ:CSCO) on the latest edition of CNBC's “Halftime Report Final Trades.”
After looking at the company’s stock chart, Lebenthal noticed there is a nine-month downtrend in the stock.
The stock hit a low in June but reached a higher low a week ago. If the stock goes up 1 more percent, then we will have a “higher high,” he added.
Cisco is reportedly planning to establish a cybersecurity center in Taiwan and collaborate with the local government to expand the cybersecurity workforce. The company unveiled the initiative as part of its ongoing efforts to enhance digital security infrastructure in regions facing high cyber threat levels, reported Reuters.
Kevin Simpson of Capital Wealth Planning named The TJX Companies, Inc. (NYSE:TJX) as his final trade.
On July 3, Loop Capital analyst Laura Champine maintained TJX with a Buy rating and increased the price target from $115 to $125.
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Shannon Saccocia of NB Private Wealth picked iShares Core S&P Small-Cap ETF (NYSE:IJR).
Stephen Weiss of Short Hills Capital Partners named Leidos Holdings, Inc. (NYSE:LDOS) as his final trade.
Leidos expects to announce its second-quarter financial results on Tuesday, July 30. Analysts expect the company to report quarterly earnings at $2.27 per share, up from $1.8 per share in the year-ago period. The company projects revenue of $4.06 billion, compared to $3.84 billion a year earlier.
Price Action:
- Cisco shares gained 1.3% to close at $47.38 on Friday.
- TJX shares rose 0.3% to settle at $114.30 during Friday's session.
- iShares Core S&P Small-Cap ETF gained 1% on Friday.
- Leidos shares gained 0.7% to close at $149.92 during Friday's session.
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