Meta, Zoom, Rockwell Automation And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth said Meta Platforms, Inc. META continues its near-term momentum.

Meta CEO Mark Zuckerberg sold approximately $88 million worth of company stock over the past week, according to regulatory filings with the U.S. Securities and Exchange Commission (SEC) on Wednesday.

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Stephanie Link of Hightower picked Rockwell Automation, Inc. ROK as her final trade.

On Monday, Keybanc analyst Ken Newman upgraded Rockwell Automation from Sector Weight to Overweight and maintained the price target of $345. Citigroup analyst Andrew Kaplowitz maintained the stock with a Buy and raised the price target from $313 to $345.

Shannon Saccocia of NB Private Wealth named The Utilities Select Sector SPDR Fund XLU as her final trade.

Joseph M. Terranova of Virtus Investment Partners picked Zoom Communications Inc. ZM.

On Nov. 25, Zoom reported third-quarter revenue of $1.18 billion, beating the consensus estimate of $1.16 billion. The communications company reported third-quarter adjusted earnings of $1.38 per share, beating analyst estimates of $1.31 per share.

Zoom expects fiscal fourth-quarter revenue to be in the range of $1.175 billion to $1.18 billion versus estimates of $1.17 billion. The company sees fourth-quarter adjusted earnings of $1.29 to $1.30 per share versus estimates of $1.28 per share. 

Price Action:

• Rockwell Automation shares gained by 1.3% to close at $297.38 on Wednesday.
• Meta shares gained by 2.2% to settle at $632.68 during Wednesday's session.
• The Utilities Select Sector SPDR Fund fell 0.6% during Wednesday's session.
• Zoom shares gained 3.3% to close at $86.59.

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