On CNBC's “Halftime Report Final Trades,” Bill Baruch, President of Blue Line Capital, said Microsoft Corporation (NASDAQ:MSFT) has been the dog of the Nasdaq and it is going to start outperforming.
Supporting his view, Microsoft, on April 30, reported better-than-expected third-quarter financial results. The company reported third-quarter revenue of $70.07 billion, up 13% year-over-year. The revenue total beat a Street consensus estimate of $68.43 billion according to data from Benzinga Pro. Microsoft said it sees fourth-quarter sales of $73.150 billion to $74.250 billion, versus market estimates of $72.28 billion.
Stephen Weiss, Chief Investment Officer of Short Hills Capital Partners, said information technology company Leidos Holdings, Inc. (NYSE:LDOS) was the winner in that space.
Leidos Holdings, on May 6, reported first-quarter revenue growth of 7% year-over-year to $4.25 billion. It beat the analyst consensus estimate of $4.1 billion. The company’s adjusted EPS was $2.97, up 30% Y/Y, beating the analyst consensus estimate of $2.50.
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Kari Firestone, Chair Emerita of Aureus Asset Management, named Blackstone Inc. (NYSE:BX) as her final trade, saying the group is down roughly 30% and they are starting to move higher.
Lending support to her choice, Blackstone, on April 17, reported stronger-than-expected first-quarter financial results.
Joshua Brown, CEO of Ritholtz Wealth Management, picked JPMorgan Chase & Co. (NYSE:JPM) as his final trade.
On the earnings front, JPMorgan Chase, on April 11, reported better-than-expected first-quarter EPS and revenues.
Price Action:
- Microsoft shares climbed 1.1% to close at $438.17 on Thursday.
- Leidos shares slipped 0.01% to settle at $154.71 during Thursday's session.
- Blackstone shares rose 2.7% to close at $139.81 on Thursday.
- JPMorgan shares climbed 1.6% to settle at $253.47.
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