On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower chose Corteva Inc (NYSE: CTVA), saying that she likes the agriscience cycle. “They have pricing power. They also have a cost-cutting program,” Link mentioned. “So, I think margins have a lot of upside from here,” she added.
Liz Young of BNY Mellon Investment Management advised to “hideout” in the Health Care Select Sector SPDR Fund (ARCA: XLV) “during this chap, even after the summer rally [it's] still trading below the index.”
“It’s a good place to be for both group and defense in a large cap space,” she added.
Check out other stocks making moves in the premarket.
Farr, Miller & Washington’s Michael Farr said he likes Raytheon (NYSE:RTN) Technologies Corp (NYSE: RTX) at these levels for the long term. The company has 10% growth, trades at 17 times earnings and offers a 4% dividend yield, Farr added.
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Josh Brown of Ritholtz Wealth Management believes that “there are 50-50 odds of a recession in the next 12 months.” “That’s what the market’s expectation is as well,” he said. Encore Capital Group, Inc. (NASDAQ: ECPG) “works with underwater borrowers of credit card debt to help them get out from under it and earn a profit along the way,” Brown mentioned. “This is I think the way I want to play it,” he added.
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