Wells Fargo Building in downtown Jacksonville

Wells Fargo, Arista Networks, Hewlett Packard Enterprise And A Health Care Stock On CNBC’s ‘Final Trades’

On CNBC’s “Halftime Report Final Trades,” Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, said Wells Fargo & Company (NYSE:WFC) is expected to report a very good quarter.

Wells Fargo is scheduled to announce third-quarter earnings before the opening bell on Tuesday, Oct. 13. Analysts expect quarterly earnings of $1.86 per share, up from $1.66 per share a year ago. Analysts estimate WFC’s quarterly revenue at $22.32 billion. It reported $21.44 billion last year, according to Benzinga Pro.

Rob Sechan, CEO of NewEdge Wealth, picked Hewlett Packard Enterprise Company (NYSE:HPE).

On Oct. 7, HPE launched its first four ProLiant Gen13 servers powered by 6th Gen Advanced Micro Devices, Inc. (NASDAQ:AMD) EPYC processors.

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Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, said he likes Arista Networks, Inc. (NYSE:ANET).

Supporting his choice, Citigroup analyst Atif Malik maintained Arista Networks with a Buy rating on Oct. 8 and raised the price target from $215 to $248.

Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, named UnitedHealth Group Incorporated (NYSE:UNH) as his final trade.

On earnings, UnitedHealth Group said it will release its third-quarter financial results on Tuesday, Oct. 13, before the opening bell. Analysts expect the company to report quarterly earnings of $4.15 per share on revenue of $111.49 billion.

Price Action

  • Wells Fargo shares gained 1.9% to close at $83.55 on Friday.
  • Hewlett Packard Enterprise gained 3.5% to settle at $73.46 on Friday.
  • Arista Networks shares gained 2.7% to close at $216.74.
  • UnitedHealth shares gained 2.3% to settle at $379.30 on Friday.

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