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CNBC's Final Trades: Walt Disney, Diamondback Energy, And This 'Great Example Of A Software Stock'

Published 03/08/2022, 13:26
Updated 03/08/2022, 14:12
© Reuters.  CNBC's Final Trades: Walt Disney, Diamondback Energy, And This 'Great Example Of A Software Stock'

© Reuters. CNBC's Final Trades: Walt Disney, Diamondback Energy, And This 'Great Example Of A Software Stock'

On CNBC’s “Halftime Report Final Trades,” Farr, Miller & Washington’s Michael Farr said Walt Disney Co (NYSE: NYSE:DIS) is “still gonna come back down 37% off the highs, growing earnings by likely 15%.”

“I like Disney. Their businesses are coming back. Thor: Love and Thunder doing great, streaming doing great,” he added.

Stephanie Link of Hightower said she could not believe Diamondback Energy Inc (NASDAQ: FANG) had opened lower on Monday morning, but it has “recovered nicely.”

“Keep it until the revenue meet, record free cash flow, paying down debt, near $2 billion buyback on top of the other $2 billion that they have,” Link stated. “They’re minting money,” she added.

Check out other stocks making moves in the premarket.

Also Read: Elon Musk Updates Timeline For 'Successful' Starship Orbital Launch

Shannon Saccocia of Boston Private said Workday Inc (NASDAQ: WDAY) was “a great example of a software stock that is going to continue to be able to grow subscribers over the course of the next couple of years.” “Human resources and price resource management are incredibly important in a hybrid environment,” she added.

Joseph Terranova of Virtus Investment Partners recommended taking advantage of the earnings sell-off in ON Semiconductor Corp (NASDAQ: ON). “Today the stock has bounced back nicely within 5% of its all-time high — it’s gonna get there,” he added.

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

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