Stock Picks and Market Insights from Benzinga Staff Writer Avi Kapoor – Featuring Deere & Company, ASML Holding N.V., Sabra Health Care REIT, Inc., and Steel Dynamics, Inc.
The stock market is always buzzing with opportunities, and some experts have their eyes on specific companies that they believe are on the verge of breaking out. On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners recommended Deere & Company (NYSE: DE) as a stock to watch for potential growth.
Deere & Company recently announced the addition of Kellye Walker, a former executive from Eastman Chemical Company, to its leadership team. Starting on April 29, Walker will serve as the senior vice president, chief legal officer, and worldwide public affairs officer for the company.
Another pick from the experts is ASML Holding N.V. (NASDAQ: ASML), chosen by Stephen Weiss of Short Hills Capital Partners. ASML recently reported transactions under its current share buyback program, adding to the allure of this tech company’s potential.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC highlighted Sabra Health Care REIT, Inc. (NASDAQ: SBRA) for its impressive 8.4% dividend yield. Sabra Health Care REIT’s fourth-quarter sales results exceeded expectations, further solidifying its position as a promising investment opportunity.
Joseph M. Terranova of Virtus Investment Partners identified Steel Dynamics, Inc. (NASDAQ: STLD) as a stock that is breaking out. Recent guidance from Steel Dynamics indicates a positive outlook for the first quarter of 2024, with expected earnings per share higher than analysts’ estimates.
In terms of price action, Deere shares dipped slightly to $398.03, ASML shares closed at $978.93, Sabra Health Care REIT gained 1.2% to $14.45, and Steel Dynamics shares closed at $144.15.
As investors continue to monitor these companies for potential growth and profitability, the stock market remains an exciting and dynamic environment for those looking to capitalize on emerging opportunities. Stay tuned for more updates and market insights from Benzinga.
