On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said Starbucks Corporation’s (NASDAQ:SBUX) U.S. comps “have remained resilient at 12%.” China’s reopening is a “good thing” for the company, Link mentioned. “They suspended the buyback and are going to spend $20 million on investing in the company, which is a good thing to do,” she added.
Jason Snipe of Odyssey Capital Advisors chose Johnson & Johnson (NYSE:JNJ) as his final trade. “MedTech was really strong in the last print. I think the consumer segment will continue to grow,” Snipe mentioned. He added that the stock offers a 2.5% yield.
Check out other stocks making big moves in the premarket.
Jon Najarian said that he had bought the July 20 calls for Barrick Gold Corp (NYSE:GOLD).
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Jim Lebenthal of Cerity Partners chose Union Pacific Corporation (NYSE:UNP) as his final trade. The company preannounced negative margins because of fuel, Lebenthal mentioned. He added that the stock had declined steeply but has regained the losses to end higher.
