On CNBC’s “Halftime Report Final Trades,” Steve Weiss of Short Hills Capital Partners lauded Leidos Holdings, Inc. (LDOS) as still cheap with new management, touting it as a strong investment opportunity. Leidos reported a remarkable year-over-year revenue growth of 8% to $3.98 billion, surpassing the consensus of $3.80 billion. Additionally, it clocked an adjusted EPS of $1.99, representing a 9% increase.
Jim Lebenthal of Cerity Partners endorsed The Walt Disney Company (DIS) as his final trade. Disney reported exceptional earnings for its first quarter and declared a cash dividend of 45 cents per share. It also laid out plans for a new share repurchase program and forecasted fiscal 2024 earnings of approximately $4.60 per share. Notably, the company disclosed a $1.5 billion investment in video game company Epic Games, a move that drew mixed reactions, particularly from activist investor Nelson Peltz.
Continuing the discussion, Jenny Harrington of Gilman Hill Asset Management highlighted NextEra Energy, Inc. (NYSE: NEE-PR) for its impressive 9.75% yield. NextEra Energy also delivered better-than-expected results for its fourth quarter. Joe Terranova, representing Virtus Investment Partners, favored The Progressive Corporation (PGR), which posted net income of $700.7 million for the month ended Jan. 31, 2024.
Price Action:
- Leidos shares gained 0.2% to settle at $121.50 on Wednesday.
- Disney shares gained 2% to close at $111.56 during Wednesday’s session.
- NextEra Energy gained 1.6% to settle at $35.98 on Wednesday.
- Shares of Progressive gained 3.2% to close at $187.95 on Wednesday.
