Charles Schwab, QXO, Evercore And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joseph M. Terranova, Senior Managing Director for Virtus Investment Partners, named The Charles Schwab Corporation (NYSE:SCHW) as his final trade.

Supporting his view, Redburn Atlantic analyst Charles Bendit, on June 9, upgraded Charles Schwab from Sell to Neutral and raised the price target from $65 to $82.

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Stephen Weiss, Chief Investment Officer and Managing Partner of Short Hills Capital Partners, named QXO, Inc. (NYSE:QXO) as his final trade.

As per the recent news, QXO, on May 20, announced it launched a dual public offering of common stock and depositary shares representing series B convertible preferred stock.

Shannon Saccocia, CFA, Chief Investment Officer of NB Private Wealth, picked The Energy Select Sector SPDR Fund (NYSE:XLE) despite oil prices remaining pretty range-bound.  

Odyssey Capital Advisors Chief Investment Officer Jason Snipe said he likes Evercore Inc. (NYSE:EVR), as M&A cycle and deregulation are coming back into vogue.

Lending support to his choice, Evercore, on April 30, reported better-than-expected first-quarter financial results.

Evercore posted adjusted earnings of $3.49 per share, beating market estimates of $1.71 per share. The company's quarterly sales came in $699.9 million versus expectations of $652.92 million.

Price Action:

• QXO shares fell 1% to close at $19.95 on Wednesday.
• The Energy Select Sector SPDR Fund gained 1.5% during the session.
• Evercore rose 1.2% to close at $247.54 on Wednesday.
• Charles Schwab shares gained 0.2% to settle at $88.40 during the session.

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