CNBC's Final Trades: AbbVie, Costco Wholesale, Deere And This Kevin O'Leary Pick
Benzinga
Published May 22, 2022 21:22
Updated May 22, 2022 22:10
CNBC's Final Trades: AbbVie, Costco Wholesale, Deere And This Kevin O'Leary Pick
On CNBC’s “Halftime Report Final Trades,” Kevin O'Leary, known as "Mr. Wonderful," said that consumer goods, especially baby powder and baby formula, have been “in the news lately.” O'Leary added, “Nestle (OTCMKTS: NSRGY) is a great trade name” and a global behemoth, with 50% of its sales in the US. It is trading at a “discount to similar companies,” he mentioned.
O'Leary further stated that Costco (NASDAQ:COST) Wholesale Corporation’s (NASDAQ: COST) stock “could get hit badly just because of the environment it’s in.” He added that he would buy more of the company's stock when that happens.
Also Read: Noted Tesla, Apple (NASDAQ:AAPL) Analyst Says Consumer Electronics Demand 'Disappearing, Not Deferred,' Sees Further Stock Downside
Stephanie Link of Hightower said she likes Deere & Company (NYSE: DE) “for the long term.” Shares of Deere closed more than 14% lower on Friday.
Check out stocks making big moves in the premarket.
Jason Snipe of Odyssey Capital Advisors chose AbbVie Inc (NYSE: NYSE:ABBV) because of its free cash flow yield and almost 8% dividend. “I think it plays well into this environment,” he added.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read at Benzinga
Read the original article on Benzinga
Get The App
Written By: Benzinga
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.