Fastenal, Rocket Companies, Toll Brothers And More On CNBC's 'Final Trades'
Can a strategic stake increase in Rocket Companies, Inc. (NYSE:RKT) signal a seismic shift in investor sentiment, or is it merely a blip on the financial radar? As industry heavyweights weigh in with their final trades, the market braces for potential surprises ahead.
On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Rocket Companies, saying ValueAct Capital has just raised its stake to 8.9% of all shares outstanding.
On the earnings front, Rocket Companies will issue its second-quarter earnings on July 31, 2025. Analysts expect the company to report quarterly earnings of 3 cents per share on revenue of $1.28 billion.
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Stephanie Link, chief investment strategist, head of Investment Solutions and portfolio manager at Hightower Advisors, named Toll Brothers, Inc. (NYSE:TOL) as her final trade.
Lending support to her choice, Wells Fargo analyst Sam Reid maintained Toll Brothers with an Overweight rating on June 27, raising the price target from $125 to $130.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked Fastenal Company (NASDAQ:FAST) as his final trade.
Supporting his view, Fastenal, on July 14, reported stronger-than-expected second-quarter 2025 results. The industrial supplies distributor posted revenue of $2.08 billion, up 8.6% from a year ago and topping the $2.07 billion consensus estimate.
Price Action:
- Rocket Companies shares gained 6.4% to close at $16.00 on Tuesday.
- Toll Brothers shares gained 8.5% to close at $126.59 during the session.
- Fastenal shares gained 2.3% to settle at $47.08 on Tuesday.
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