CNBC's Final Trades: AbbVie, Home Depot, Cisco Systems And This Undervalued Tech Major
On CNBC’s “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said that AbbVie Inc (NYSE: ABBV) delivered another strong set of results earlier this month, with 13% EPS growth and dividend above 4%. “I like it in this market here,” Snipe added.
Shannon Saccocia of Boston Private said that she loved Home Depot Inc (NYSE: HD) “adjacently to the housing market” and that the company had “already done the work” for building its ecommerce platform.
Stephanie Link of Hightower said Cisco Systems Inc’s (NASDAQ: CSCO) stock was down 10% year to date, and they had posted “a great quarter,” with $14 billion in backlog and the “third year in a row of 30% product order growth.” The company has announced another buyback and has a 2.7% dividend yield, Link added.
Joshua Brown of Ritholtz Wealth Management chose Amazon.com, Inc. (NASDAQ: AMZN) as his pick, saying he was “happy to see more recognition for how undervalued the company might be.”
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