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CNBC's Final Trades: Boeing, Blackstone, Marriott And This Energy Stock

Published 11/08/2022, 13:57
Updated 11/08/2022, 14:42
© Reuters.  CNBC's Final Trades: Boeing, Blackstone, Marriott And This Energy Stock

On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners said Boeing Co (NYSE: NYSE:BA) just delivered its first 787, and “15 months is a very good time.”

Karen Firestone of Aureus Asset Management chose Blackstone Inc (NYSE: NYSE:BX), saying that “it is sitting at its 100-day moving average.”

A price higher than that level "would be a breakout,” she added. “We think that lower interest rates help private equity firms because their leverage is good for Blackstone,” Firestone mentioned.

Check out other stocks making moves in the premarket.

Jason Snipe of Odyssey Capital Advisors picked Marriott International Inc (NASDAQ: MAR). “[The] travel theme is a still intact,” he mentioned. “EBITDA was 10.5% above consensus last week. I like it here,” Snipe added.

Joseph Terranova of Virtus Investment Partners named Valero Energy Corporation (NYSE: NYSE:VLO) as his final trade. “It’s just a great hedge against the growth strategy failing here,” he said.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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