The latest edition of CNBC's "Halftime Report Final Trades" brought three interesting picks from market pros, each with a different angle on where to find value right now.
Stephanie Link from Hightower Advisors highlighted Dick's Sporting Goods, Inc. (DKS), pointing out that shares have dropped 11% from their highs and are now trading at just 11 times earnings. That's a pretty compelling valuation for a company that just delivered impressive results.
Link also noted that the company will turn around Foot Locker, which Dick's acquired back in September. On the earnings front, Dick's posted some genuinely strong numbers on Nov. 26, beating expectations handily. Third-quarter sales came in at $4.168 billion, up 36.3% year over year, crushing the Street's estimate of $3.546 billion. The company also raised its full-year guidance, which is always a good sign.
Bill Baruch, founder and president of Blue Line Capital and Blue Line Futures, went with Intuitive Surgical, Inc. (ISRG) as his pick. The surgical robotics company has been on a solid run, and analysts are taking notice. Truist Securities analyst Richard Newitter maintained his Buy rating on Thursday and bumped up the price target from $620 to $650.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Toast, Inc. (TOST), the restaurant technology platform. JPMorgan analyst Tien-Tsin Huang gave Toast a nice boost on Dec. 4, upgrading the stock from Neutral to Overweight while keeping the price target at $43.
Price Action:
- Intuitive Surgical shares climbed 0.9% to close at $561.89 on Thursday.
- Dick's Sporting Goods gained 1% to settle at $210.07 during Thursday's session.
- Toast shares jumped 3.2% to close at $36.62 on Thursday.
