Tesla, Nutrien and an Industrial Stock on CNBC’s ‘Final Trades’

On CNBC’s “Halftime Report Final Trades,” Bill Baruch, founder and CIO of both Blue Line Capital and Blue Creek Capital Management, picked RTX Corporation (NYSE:RTX).

Supporting his view, RTX, on Oct. 20, reported better-than-expected third-quarter results and raised its full-year earnings and sales outlook.

RTX reported third-quarter revenue of $24.97 billion, up 11% year over year and above the $24.08 billion analyst estimate. Adjusted earnings rose to $2.26 per share, beating the $1.78 consensus estimate.

Bryn Talkington, managing partner of Requisite Capital Management, named Tesla Inc. (NASDAQ:TSLA) as her final trade.

Supporting her choice, Barclays analyst Dan Levy upgraded Tesla from Equal-Weight to Overweight and raised the price target from $370 to $450.

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Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended Nutrien Ltd. (NYSE:NTR).

On the earnings front, Nutrien said it will release third-quarter results after the closing bell on Wednesday, Nov. 4. Analysts expect the company to report quarterly earnings of 77 cents per share on revenue of $5.67 billion.

Price Action:

  • RTX shares gained 0.6% to close at $195.84 on Wednesday.
  • Tesla shares fell 0.8% to close at $404.22.
  • Nutrien shares fell 0.4% to settle at $69.07 on Wednesday.

Photo via Shutterstock

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