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DoorDash, Westinghouse Air Brake Technologies And A Health Care Stock On CNBC's 'Final Trades'

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DoorDash, Westinghouse Air Brake Technologies And A Health Care Stock On CNBC's 'Final Trades'

In a landscape where economic resilience is constantly tested, three key insights from CNBC's “Halftime Report Final Trades” offer a glimpse into the shifting dynamics of the industrial and healthcare sectors, as well as the promising potential of e-commerce.

On Wednesday’s program, Jim Lebenthal at Cerity Partners said Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is a solid mid-cap industrial.

Supporting his view, BofA Securities analyst Ken Hoexter maintained a Buy rating for Westinghouse Air Brake on Tuesday and raised the price target from $231 to $236.

Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked UnitedHealth Group Incorporated (NYSE:UNH), which fell on Wednesday, on the Wall Street Journal article.

UnitedHealth Group is facing renewed legal pressure as shareholders file additional lawsuits, many of which reference a federal investigation into the company’s Medicare billing practices, as reported by The Wall Street Journal in May.

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Joseph M. Terranova, senior managing director for Virtus Investment Partners, said DoorDash, Inc. (NASDAQ:DASH) has very strong pricing power.

On the earnings front, DoorDash will release second-quarter financial results after the closing bell on Wednesday, Aug. 6. Analysts expect the company to report quarterly earnings at 43 cents per share, versus a year-ago loss of 38 cents per share.

Price Action:

  • Westinghouse Air Brake Technologies shares gained 0.6% to close at $213.05 on Wednesday.
  • UnitedHealth fell 1.6% to close at $302.91 during the session.
  • DoorDash shares gained 1.9% to close at $246.06 during the session.

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Photo: Shutterstock

 

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Posted-In: CNBC Halftime Report Final Trades Jim LebenthalLong Ideas News Markets Media Trading Ideas

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