On CNBC’s “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, named Meta Platforms, Inc. (NASDAQ:META) as his final trade.
Meta shares fell on Thursday after the company was found liable in a landmark social media addiction case.
A California jury on Wednesday concluded that Meta and Google, owned by Alphabet Inc (NASDAQ:GOOG), should pay the woman $3 million in compensatory damages and an additional $3 million in punitive damages. Meta, which owns Facebook and Instagram, is on the hook for 70% of that amount.
Meanwhile, Meta is also cutting several hundred jobs.
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Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked ICE U.S. Dollar Index.
Malcolm Ethridge, managing partner at Capital Area Planning Group, recommended International Business Machines Corporation (NYSE:IBM).
As per the recent news, CrowdStrike (NASDAQ:CRWD), on Wednesday, disclosed a collaboration with IBM and Intel Corporation (NASDAQ:INTC), along with launching Charlotte AI AgentWorks Ecosystem.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named CrowdStrike Holdings, Inc. (NASDAQ:CRWD) as his final trade.
Lending support to his choice, RBC Capital analyst Matthew Hedberg, on March 17, reiterated CrowdStrike with an Outperform rating and maintained a $550 price target.
Price Action:
- Meta shares dipped 8% to close at $547.54 on Thursday.
- Netflix shares gained 1.5% to settle at $92.28 during the session.
- IBM shares rose 0.1% to settle at $241.67 on Thursday.
- CrowdStrike shares climbed 1.8% to close at $392.62.
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