On CNBC’s “Halftime Report Final Trades,” Steve Weiss of Short Hills Capital Partners expressed optimism about Leidos Holdings, Inc. (LDOS), stating that the company remains attractively priced with new management. He added, “I like this one a lot.”
Leidos reported a robust fourth-quarter performance with revenue growth of 8% year-over-year to $3.98 billion, surpassing the consensus of $3.80 billion.
The company also achieved an adjusted EPS of $1.99, marking a 9% increase year-over-year and surpassing the consensus of $1.74.
Jim Lebenthal of Cerity Partners highlighted The Walt Disney Company (DIS) as his final trade, following Disney’s better-than-expected first-quarter earnings announcement and declaration of a 45 cents per share cash dividend. Disney also unveiled a new share repurchase program and projected fiscal 2024 earnings of approximately $4.60 per share.
However, the company’s disclosure of a $1.5 billion investment in video game company Epic Games has drawn criticism from activist investor Nelson Peltz, who has been engaged in a proxy fight with Disney due to stock underperformance.
Jenny Harrington of Gilman Hill Asset Management mentioned NextEra Energy, Inc. (NYSE: NEE-PR) and its impressive 9.75% yield. NextEra Energy delivered better-than-expected results for its fourth quarter.
Joe Terranova of Virtus Investment Partners selected The Progressive Corporation (PGR). Progressive revealed net income of $700.7 million for the month ended Jan. 31, 2024.
Price Movement:
- Leidos shares gained 0.2% to settle at $121.50 on Wednesday.
- Disney shares gained 2% to close at $111.56 during Wednesday’s session.
- NextEra Energy gained 1.6% to settle at $35.98 on Wednesday.
- Shares of Progressive gained 3.2% to close at $187.95 on Wednesday.
