CNBC's Final Trades: American Express, Morgan Stanley, JPMorgan And This Energy Stock

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On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower cited American Express Company AXP as a top pick, saying it's a “reopen name.” Leisure spend has increased above the 2019 levels and “now we’re about to get business spend T&E travel into ‘22 and ’23."

This was a heavy investment year for American Express and they're likely to benefit from operating leverage in 2022, Link said.

Pete Najarian named Vistra Corp VST saying that utilities are exciting because “somebody is rolling a trade that’s actually made them some nice money.”

Another trade said Morgan Stanley’s MS stock could rerate among the financials.

Josh Brown of Ritholtz Wealth Management named JPMorgan Chase & Co. JPM as his pick, saying that the stock could reach “new highs before yearend.”

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Posted In: Long IdeasMediaTrading IdeasCNBCHightowerJoshua BrownPete NajarianRitholtz Wealth ManagementStephanie Link
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