On CNBC’s “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, picked Netflix, Inc. (NASDAQ:NFLX)
Netflix shares gained on Thursday after billionaire investor Bill Ackman returned to the streaming giant with a multimillion-share stake, delivering a high-profile vote of confidence as broader markets trade in risk-on mode. Ackman’s Pershing Square Capital Management disclosed a 3.15 million-share Netflix position, representing 4.9% of its portfolio.
Jenny Van Leeuwen Harrington, chief executive officer of Gilman Hill Asset Management, LLC, named Cisco Systems, Inc. (NASDAQ:CSCO) as her final trade.
Shares of Cisco tumbled on Thursday after the company reported financial results for the fourth quarter of fiscal 2026. Cisco reported fourth-quarter revenue of $17.25 billion, beating analyst estimates of $16.82 billion, according to Benzinga Pro. The networking equipment company reported adjusted earnings of $1.22 per share for the quarter, beating analyst estimates of $1.17 per share.
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