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CNBC's Final Trades: Nvidia, Target, Metals & Mining And This Defensive Play

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CNBC's Final Trades: Nvidia, Target, Metals & Mining And This Defensive Play

On CNBC’s “Halftime Report Final Trades,” Jon Najarian recommended SPDR S&P Metals & Mining ETF (ARCA: XME), adding “June 50 calls.”

Jim Lebenthal of Cerity Partners named Nvidia Corporation (NASDAQ: NVDA) as his final trade. “Whether you believe my correction call or not, we’re at least due for relief rallies. Semis should lead and this is the biggest impact within the sector,” he added.

Also Read: Cathie Wood Adds $1.1M Stake In This 3D Printing Partner Of Elon Musk's SpaceX

Stephanie Link of Hightower mentioned that Target Corporation’s (NYSE: TGT) stock “is trading at 14.8 times earnings.” The average is 16 to 20 times, she added. “They’re gaining market share. I think the upcoming quarter’s going to be a strong one,” Link said.

Check out other stocks making big moves in the premarket.

Josh Brown of Ritholtz Wealth Management said, “There are no call strikes on Wall Street. You don’t have to do anything you don’t want right now.” He added that there is about a 2.5% annual yield on the iShares 1-3 Year Treasury Bond ETF (NASDAQ: SHY).

 

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Posted-In: Cerity Partners CNBC Hightower Jim LebenthalLong Ideas Short Ideas Media Trading Ideas