On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said he remains long on Rocket Companies, Inc. ( RKT ) .
Lending support to his choice, BTIG analyst Eric Hagen initiated coverage on Rocket Companies ( RKT ) on Tuesday with a Buy rating and announced a price target of $25.
Jim Lebenthal, partner at Cerity Partners, picked Cisco Systems, Inc. ( CSCO ) , which pulled back around 8% after earnings.
On the earnings front, Cisco ( CSCO ) reported fiscal fourth-quarter revenue of $14.67 billion on Aug. 13, beating the consensus estimate of $14.62 billion. The networking equipment maker reported fourth-quarter adjusted earnings of 99 cents per share, beating analyst estimates of 97 cents per share, according to Benzinga Pro.
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SoFi’s Liz Young Thomas said iShares Expanded Tech-Software Sector ETF is way under-loved.
Joe Terranova, senior managing director for Virtus Investment Partners, named Insulet Corporation ( PODD ) as his final trade.
Amphenol, on Aug. 7, reported better-than-expected second-quarter EPS and sales results. The automated insulin delivery technology maker reported sales of $649.1 million, up 32.9% year over year (31.3% in constant currency), beating the consensus of $612.22 million, exceeding the high end of the company's guidance range of 26% in constant currency.
Price Action:
Rocket Companies ( RKT ) shares gained 3.4% to settle at $18.44 on Tuesday.
Cisco ( CSCO ) shares fell 0.3% to close at $66.76 during the session.
iShares Expanded Tech-Software Sector ETF fell 2.6% on Tuesday.
Insulet ( PODD ) gained 1.4% to close at $327.48 during the session.
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