On CNBC's “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, said ServiceNow, Inc. (NYSE:NOW) is around 25% off its 52-week high. It has become a victim of its own success, so it’s probably creating an attractive entry point, he added.
On the earnings front, ServiceNow reported second-quarter revenue of approximately $3.22 billion on July 23, beating the consensus estimate of $3.12 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of $4.09 per share, beating analyst estimates of $3.57 per share.
Jenny Van Leeuwen Harrington, chief executive officer of Gilman Hill Asset Management, LLC, said Bristol-Myers Squibb Company (NYSE:BMY) has a 5.5% dividend yield and has paid dividends for 55 straight years. It is not an aristocrat because it hasn’t increased in all those years, but it’s still a great stock, she added.
Lending support to her choice, Bristol-Myers Squibb, on July 31, reported better-than-expected second-quarter sales and raised its FY25 sales guidance above estimates.
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Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Live Nation Entertainment, Inc. (NYSE:LYV) as his final trade.
Supporting his view, MoffettNathanson analyst Robert Fishman, on Aug. 18, initiated coverage on Live Nation Entertainment with a Buy rating and announced a price target of $195.
Price Action:
- ServiceNow shares fell 1.5% to settle at $876.97 on Thursday.
- Bristol-Myers Squibb shares rose 0.4% to close at $48.43 during the session.
- Live Nation Entertainment shares gained 0.4% to close at $162.47 during the session.
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