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Benzinga
Benzinga
Business
Craig Jones

CNBC's Final Trades: Transocean, American Express, Amazon And This Regional Bank That Will Benefit From Rising Rates

On CNBC’s “Halftime Report Final Trades,” Pete Najarian said he expects Transocean LTD (NYSE:RIG) to “go higher.”

Rob Sechan of New Edge Capital Group said that American Express Company’s (NYSE:AXP) stock is “down a lot” and currently trades at 17 times next year’s earnings. The company has “10% in free cash flows, plus has leveraged the reopening quite a bit,” Sechan added.

Jenny Harrington of Gilman Hill Asset Management chose Umpqua Holdings Corp (NASDAQ:UMPQ) as her pick, saying it’s a regional bank in the Pacific Northwest.

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