CNBC Experts Pick Cheniere Energy, Nvidia, Antofagasta and Steel Dynamics
On CNBC’s ‘Halftime Report Final Trades,’ several financial experts shared their top stock picks. Jim Lebenthal, partner and chief market strategist at Cerity Partners, recommended Cheniere Energy, Inc. (NYSE:LNG). The Houston-based liquefied natural gas company is scheduled to release its third-quarter earnings on Thursday, Oct. 29, before the market opens. Analysts anticipate Cheniere to report earnings of $4.79 per share on revenue of $5.47 billion. Lebenthal also highlighted Cheniere as his final trade on Sept. 9, a view supported by RBC Capital analyst Elvira Scotto, who maintained an Outperform rating and raised the price target from $300 to $319 on Aug. 24.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, chose Nvidia Corporation (NASDAQ:NVDA) as his pick. Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating on Nvidia on Oct. 1 and maintained a $350 price target.
Stephanie Link, chief investment strategist at Hightower Advisors, recommended Antofagasta plc (OTC:ANFGF). Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked Steel Dynamics, Inc. (NASDAQ:STLD). Steel Dynamics issued a weak earnings forecast for the third quarter on Sept. 17, expecting GAAP EPS of $5.34 to $5.38, below market estimates of $5.66.
In terms of price action, Cheniere Energy rose 1.8% to close at $274.93 on Monday. Nvidia shares gained 2.1% to close at $238.90, Antofagasta shares gained 0.3% to close at $51.02, and Steel Dynamics shares gained 3.9% to settle at $241.04.