On CNBC’s “ Halftime Report Final Trades ,” Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, recommended Netflix, Inc. (NASDAQ: NFLX ).
The streaming service’s shares were trading higher on Tuesday, extending a recent rebound as the stock works to reclaim key moving averages . Meanwhile, Bill Ackman‘s Pershing Square fund disclosed last week a 3.15 million-share Netflix position, representing 4.9% of its portfolio.
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Bryn Talkington, managing partner of Requisite Capital Management, picked Horizon Kinetics Inflation Beneficiaries ETF (NYSE: INFL ) as her final trade.
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, said Elanco Animal Health Incorporated (NYSE: ELAN ) has very strong fundamentals.
Lending support to her choice, Elanco Animal Health, on Aug. 5, reported better-than-expected second-quarter financial results and raised its FY26 guidance above estimates. Also, the company issued third-quarter sales guidance above estimates.
Latest Private Market Opportunities Join 400,000+ InvestorsThe pet health company reported adjusted earnings of 34 cents, beating the consensus of 27 cents. Sales jumped 10% year-over-year on a reported basis (+8% on constant currency) to $1.368 billion, better than the consensus of $1.313 billion.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, said Eli Lilly and Company (NYSE: LLY ) is about to make a new all-time high.
Supporting his view, Eli Lilly reported better-than-expected second-quarter financial results on Aug. 5 and raised its FY26 sales guidance, with the midpoint above estimates.
Price Action
Horizon Kinetics Inflation Beneficiaries ETF fell 0.3% on Tuesday. Elanco Animal Health shares gained 0.1% to settle at $23.64 during the session. Eli Lilly shares gained 3.6% to close at $1,225.73 on Tuesday. Netflix shares rose 2.3% to close at $77.77 on Tuesday. Read Next Trading IdeasAckman Looks for Netflix Redemption: Here’s How Much He Could Have Made Holding His 2022 Stake
Bill Ackman lost money for Pershing Square betting on Netflix in 2022. Four years later he hopes things are different.
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