CNBC’s “Halftime Report Final Trades,” highlighted Stephen Weiss of Short Hills Capital Partners naming TransDigm Group Incorporated (TDG) as his final trade.
TransDigm Group’s recent acquisition of the Electron Device Business of Communications & Power Industries for about $1.385 billion in cash caught the attention of many investors.
Joseph Terranova of Virtus Investment Partners expressed his positive outlook on Goldman Sachs Group, Inc. (GS).
Barclays analyst Jason Goldberg’s recent rating and price target hike for Goldman Sachs added fuel to the fire of investor interest.
Liz Young of BNY Mellon Investment Management singled out Financial Select Sector SPDR Fund (XLF).
U.S. stocks showed mixed results, with the financial sector gaining around 0.39% during the session.
Joshua Brown of Ritholtz Wealth Management mentioned the positive performance of PayPal Holdings, Inc. (PYPL) in Tuesday’s session.
Recent news about Amazon.com Inc no longer accepting PayPal’s Venmo as a payment method for subscriptions caused a stir in the market.
In terms of price action, TransDigm shares fell 1.9% to close at $992.20, while Goldman Sachs gained 0.7% to settle at $388.30 on Tuesday. Financial Select Sector SPDR Fund gained 0.4%, while PayPal gained 0.1% to settle at $61.46.
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