When investment professionals gather for CNBC's "Halftime Report Final Trades," they bring ideas that span the market's full spectrum. Wednesday's session delivered exactly that kind of variety, from aviation infrastructure plays to biotech bets.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, made the case for FTAI Aviation Ltd. (FTAI) as the perfect vehicle for investors looking to extend their portfolios beyond technology. The timing makes sense given that Palantir Technologies recently announced plans to expand its artificial intelligence footprint through a long-term partnership with FTAI Aviation on November 17, while also advancing a major training initiative within the United Kingdom's National Health Service.
Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, turned his attention to Eaton Corporation plc (ETN), which has dropped 12% this month. Sometimes the best opportunities emerge when solid companies face temporary headwinds.
Eaton reported mixed third-quarter results on November 4 and issued earnings-per-share guidance below estimates. The company posted adjusted third-quarter earnings of $3.07 per share, slightly beating the consensus estimate of $3.05. However, third-quarter revenue came in at $6.99 billion, missing the consensus estimate of $7.08 billion.
SoFi's Liz Young Thomas named Pacer US Cash Cows 100 ETF (COWZ), which focuses on companies generating high free cash flow. In a market environment where cash generation matters, this kind of exposure offers a different angle than pure growth plays.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, disclosed a position in SPDR S&P Biotech ETF (XBI) and said he keeps adding to it as the fund climbs higher. That's the kind of conviction that comes from seeing positive price action confirm an investment thesis.
Price Action:
- FTAI Aviation shares gained 3.7% to close at $170.11 on Wednesday.
- Eaton rose 1.5% to settle at $341.69 during the session.
- Pacer US Cash Cows 100 ETF gained 0.6% on Wednesday.
- SPDR S&P Biotech ETF rose 1.2% during the session.
