Adobe, Phillips 66 An ETF Up 10% YTD And More : CNBC's 'Final Trades'

Author: Priya Nigam | September 26, 2023 08:20am

On CNBC’s "Halftime Report Final Trades," Josh Brown of Ritholtz Wealth Management said he is sticking with iShares U.S. Oil & Gas Exploration & Production ETF (BATS:IEO), which is up over 10% YTD.

Shannon Saccocia of Boston Private named Consumer Staples Select Sector SPDR Fund (NYSE:XLP) as her final trade.

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Bill Baruch said Adobe Inc. (NASDAQ:ADBE) is a "very high-quality" SaaS company.

Adobe reported better-than-expected third-quarter earnings. The company posted earnings of $4.09 per share, beating a Street estimate of $3.98 by 2.76%. The earnings beat came in 20.29% higher than the $3.40 earnings per share from the same quarter last year.

Benzinga's analyst ratings data shows a consensus Neutral rating on Adobe.

Joseph Terranova of Virtus Investment Partners said Phillips 66 (NYSE:PSX) trades at a ridiculous 6 times earnings.

Phillips 66 reported better-than-expected results for its second quarter, posting quarterly adjusted EPS of $3.87, beating the consensus of $3.54.

Price Action: Phillips 66 shares gained 1.4% to close at $120.26, while Adobe shares lost 0.3% to settle at $511.60 on Monday.

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Photo: Shutterstock

Posted In: ADBE IEO PSX XLP