Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Kevin Simpson of Capital Wealth Planning named International Business Machines Corporation (NYSE: IBM), which has a 17 times forward multiple and a 4% dividend yield.
IBM recently penned a definitive deal with Software AG to acquire StreamSets and webMethods for €2.13 billion (~$2.3 billion) in cash.
Bryn Talkington of Requisite Capital Management picked Invesco S&P 500 Equal Weight ETF (NYSE: RSP).
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Jim Lebenthal of Cerity Partners said Cleveland-Cliffs Inc. (NYSE: CLF) is trading around the $21 mark and is going to break through.
Nippon Steel announced a proposed acquisition of U.S. Steel. Cleveland-Cliffs previously made a proposal to acquire U.S. Steel, and said it will now re-focus its capital allocation priorities towards more aggressive share buybacks under its existing share repurchase authorization.
Joshua Brown of Ritholtz Wealth Management named Uber Technologies, Inc. (NYSE: UBER), which hit a fresh 52-week high on Thursday.
Uber Technologies is set to enter Japan’s taxi industry with a fleet of vehicles from Elon Musk’s Tesla. This strategic decision comes on the heels of a recent policy change by the Japanese government, opening up the nation to ridesharing services.
Price Action: IBM shares gained 0.2% to close at $163.75, while Invesco S&P 500 Equal Weight ETF gained 0.2% on Thursday. Cleveland-Cliffs fell 0.5% to $20.82, while Uber slipped 0.2% to settle at $63.14 during Thursday’s session.
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