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CNBC's Final Trades: AbbVie, Costco Wholesale, Deere And This Kevin O'Leary Pick

BY Benzinga
— 4:22 PM ET 05/22/2022

On CNBC's "Halftime Report Final Trades," Kevin O'Leary, known as "Mr. Wonderful," said that consumer goods, especially baby powder and baby formula, have been "in the news lately." O'Leary added, "Nestle (OTC:NSRGY) is a great trade name" and a global behemoth, with 50% of its sales in the US. It is trading at a "discount to similar companies," he mentioned.

O'Leary further stated that Costco Wholesale Corporation's NASDAQ:COST stock "could get hit badly just because of the environment it's in." He added that he would buy more of the company's stock when that happens.

Also Read: Noted Tesla, Apple Analyst Says Consumer Electronics Demand 'Disappearing, Not Deferred,' Sees Further Stock Downside

Stephanie Link of Hightower said she likes Deere & Company NYSE:DE "for the long term." Shares of Deere closed more than 14% lower on Friday.

Check out stocks making big moves in the premarket.

Jason Snipe of Odyssey Capital Advisors chose AbbVie Inc NYSE:ABBV because of its free cash flow yield and almost 8% dividend. "I think it plays well into this environment," he added.

More ABBV News

  • The Week Ahead In Biotech (May 22-28): Verrica, Bristol-Myers Squibb FDA Decisions, Medtronic Earnings, Conference Presentations & More
    Benzinga - 3:58 PM ET 05/22/2022
  • Kessler Topaz Meltzer & Check, LLP Reminds Investors of June 6, 2022 Deadline in Securities Fraud Class Action against AbbVie, Inc. and Urges Investors with Substantial Losses to Contact the Firm
    GlobeNewswire - 6:55 PM ET 05/21/2022
  • AbbVie Submits FDA Application For Continuous, 24-Hour Infusion Therapy For Parkinson's
    Benzinga - 3:06 PM ET 05/20/2022
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