On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal, companion at Cerity Partners, named Cisco Systems, Inc. (NASDAQ:CSCO) forward of quarterly earnings, saying sentiment is clearly optimistic and the basics justify it.
Cisco will launch earnings outcomes for the primary quarter, after the closing bell on Wednesday, Nov. 12. Analysts anticipate the tech firm to report quarterly earnings at 98 cents per share, up from 91 cents per share within the yr-in the past interval. The consensus estimate for Cisco’s quarterly income is $14.78 billion, in comparison with $13.84 billion a yr earlier, based on information from Benzinga Pro.
Don’t neglect to take a look at our premarket coverage here
Sarat Sethi, DCLA managing companion, picked Morgan Stanley (NYSE:MS), saying capital markets are opening up wealth managers business.
The funding financial institution introduced on Oct. 29 that it has agreed to acquire the main personal shares platform, EquityZen.
Amy Raskin, chief funding officer at Chevy Chase Trust, stated Illumina, Inc. (NASDAQ:ILMN) shares rose sharply on earnings, however she expects extra acquire within the inventory.
The DNA sequencing firm reported adjusted earnings of $1.34 per share on Oct. 30, beating the consensus of $1.17. The firm, in its ready remarks, stated the efficiency displays momentum within the medical markets, the place sequencing consumables income grew at a excessive single-digit price yr over yr.
Stephen Weiss, chief funding officer and managing companion of Short Hills Capital Partners, named FTAI Aviation Ltd. (NASDAQ:FTAI) as his closing commerce.
Lending assist to his selection, RBC Capital analyst Ken Herbert, on Oct. 29, maintained FTAI Aviation with an Outperform score and raised the value goal from $185 to $200.
Price Action:
- Morgan Stanley shares gained 1.7% to shut at $165.05 on Monday.
- Cisco shares rose 1.4% to settle at $72.09 in the course of the session.
- Illumina shares slipped 0.2% to shut at $121.72 on Monday.
- FTAI Aviation rose 0.9% to settle at $165.10 in the course of the session.
Check This Out:
Image: Shutterstock