Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Craig Jones

CNBC's Final Trades: Bank of America, Cleveland-Cliffs, Energy, Cash And More

On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management chose Energy Select Sector SPDR Fund (NYSE:XLE), saying it’s at $72 and may hit $69 before rising to $75. “Not enough supply versus too much demand is the bigger risk,” Talkington stated. “China will reopen. They have an election this year. I think it’s a good entry point,” she added.

Stephen Weiss of Short Hills Capital Partners recommend cash but named Bank of America Corp (NYSE:BAC) for those those who “have to buy something.” The stock has declined “quite a bit” since the bank reported “a pretty good quarter,” Weiss mentioned.

Check out other banking stocks making moves in the premarket.

JPMorgan Private Bank’s Anastasia Amoroso recommended to “buy the dip” in iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG)

Jim Lebenthal of Cerity Partners named Cleveland-Cliffs Inc (NYSE:CLF), saying it is “a simple cash flow story.”

Joseph Terranova of Virtus Investment Partners said there has been “a little but of a pullback” in Marriott International Inc (NASDAQ:MAR), which represents an opportunity to go long.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.