CNBC's Final Trades: Occidental Petroleum And A Major Tech Company That 'Should Be Safe No Matter What CPI Does'

On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said Occidental Petroleum Corporation’s (NYSE: OXY) stock has declined by 25% since the beginning of June.

The stock trades at 5.5 times its earnings and 5.3 times EBITDA, Link mentioned. The company generated $3 billion in free cash flows in the last quarter alone, she added. Berkshire Hathaway Inc. (NYSE: BRK-A) now has an 18.7% position in Occidental Petroleum, Link further said.

Amy Raskin of Chevy Chase Trust said Kadant Inc. (NYSE: KAI) is “really well positioned in key markets such as paper and packaging.” The company has a “leading market share in all its end markets and a great management team,” Raskin added.

Check out other stocks making moves in the premarket.

Jim Lebenthal of Cerity Partners said Qualcomm, Inc. (NASDAQ: QCOM) has a PEG ratio of 0.6 and offers a 2.3% dividend yield. He added that this company “should be safe no matter what CPI does.”

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Joshua Brown of Ritholtz Wealth Management mentioned that JPMorgan Chase & Co (NYSE: JPM) is trading at “one of the cheapest multiples you could buy the stock at in the last 10 years” and it offers a 3.5% dividend yield.