Benzinga - by Lisa Levin, Benzinga Editor.
On CNBC’s "Halftime Report Final Trades," Liz Young of BNY Mellon Investment Management named Consumer Staples Select Sector SPDR Fund (NYSE: XLP) as her final trade.
Joseph Terranova of Virtus Investment Partners picked Adobe Inc. (NASDAQ: ADBE).
BMO Capital Markets analyst Keith Bachman reiterated the Outperform rating on Adobe, with a price target of $645.00. The analyst named ADBE as his top pick, highlighting the generative AI era that has created a new growth potential for Adobe across its clouds.
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Stephanie Link of Hightower said The J. M. Smucker Company (NYSE: SJM) trades at 12 times earnings. The company’s stock is down around 27% year-to-date, she added.
J.M. Smucker penned a deal to sell its Sahale Snacks brand to Second Nature Brands in an all-cash transaction for around $34 million. The transaction includes all trademarks and its leased manufacturing facility in Seattle, Washington and about 100 employees.
Price Action: Smucker fell 1.1% to close at $114.73, while Adobe rose 3.3% to settle at $549.91 on Wednesday.
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