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Benzinga
Benzinga
Business
Priya Nigam

CNBC's Final Trades: Cleveland-Cliffs, McKesson And These Defensive Plays

CNBC Jon Najarian NYSE Bryn Talkington Jason Snipe

On CNBC’s “Halftime Report Final Trades,” Jon Najarian said that Cleveland-Cliffs Inc’s (NYSE:CLF) stock had declined more than 30% in a month. “I like it. I bought the stock,” Najarian stated. “They’re buying upside calls in the 18 strike,” he added.

Jason Snipe of Odyssey Capital Advisors said he liked pharmaceutical distributer McKesson Corporation (NYSE:MCK). The company has 9.6% free cash flow yield and a little over 10% long-term growth rates, Snipe mentioned. “It’s done well this year but I think there’s some runway still to go here,” he added.

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