Stocks

Rob Sechan Highlights Salesforce and Other Stocks in CNBC's 'Final Trades'

Published September 6, 2024

During CNBC's 'Halftime Report Final Trades,' Rob Sechan of NewEdge Wealth selected CRM, or Salesforce, Inc., as his final trade, signaling confidence in the cloud-based software company. On August 28, CRM reported its second-quarter revenues, showcasing a remarkable performance of $9.33 billion, exceeding Wall Street's consensus estimate of $9.23 billion. This achievement underscores the robust demand for Salesforce's customer relationship management software and services, even amidst potentially challenging economic conditions.

Salesforce Ascends Amid Positive Earnings

CRM has showcased its resilience and strength within the tech sector, proving to investors that it can continue to grow even as other tech stocks have struggled. The positive earnings report demonstrates how CRM remains a formidable presence in enterprise software, boasting a diverse client base and a steady revenue stream.

Other Notable Stocks in Sechan's Final Trades

Beyond CRM, Rob Sechan's 'Final Trades' spotlight encompassed a selection of stocks across different sectors. Highlighted were SCHW, The Charles Schwab Corporation, a leading provider of financial services including brokerage, banking, and wealth management; WYNN, Wynn Resorts, Limited, renowned for its luxury hotels and casinos; and EPAM, EPAM Systems, Inc., which specializes in digital platform engineering and software development services globally. As investors consider the gamut of options within the trading landscape, these companies represent a span of opportunities, from the innovation-led tech industry to the long-standing financial and resort sectors.

Market Implications and Investor Outlook

Investors remain vigilant in tracking the performance of stocks like CRM, SCHW, WYNN, and EPAM as they adapt to market signals and evolving economic landscapes. While CRM's results offer a positive note, the comprehensive consideration of other stocks in varied industries provides a broader perspective for portfolio diversification and potential mitigation of risk during uncertain times.

Salesforce, Wynn, EPAM, Schwab