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CNBC's Final Trades: General Motors, Honeywell, Wynn Resorts And This Chocolate Company

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CNBC's Final Trades: General Motors, Honeywell, Wynn Resorts And This Chocolate Company

On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners chose General Motors Company (NYSE: GM), saying that discretionary stocks had “held up pretty well” for the last three months. “There is a reason for that strength. It’s undervalued, with good demand,” he added.

Bryn Talkington of Requisite Capital Management said Wynn Resorts, Limited (NASDAQ: WYNN) could benefit from China reopening after elections next month. She recommended buying Wynn Resorts and “sell the January, $77.50 calls”. “You can collect around $5 for 4 months. That’s about a 7.5% yield,” Talkington mentioned. Plus, the stock has a 15% upside, she added.

Check out other stocks making moves in the premarket.

Jason Snipe of Odyssey Capital Advisors chose Honeywell International Inc. (NASDAQ: HON), citing their “really strong” earnings report, with low double-digit earnings growth and a “solid” balance sheet. The company has diversified end markets, he added.

Joseph Terranova of Virtus Investment Partners said that consumer discretionary stocks have a “strong quarter to date performance. He chose Hershey Co (NYSE: HSY) as his final trade.

Also Read: Rivian R1S 'Feels A Lot Bigger' Than Tesla's Model Y: Munster Weighs In After First Ride

 

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Posted-In: Bryn Talkington Cerity Partners CNBC Jason Snipe Jim LebenthalLong Ideas Media Trading Ideas