Target named final trade on CNBC Halftime Report

On CNBC's 'Halftime Report Final Trades,' Stephanie Link from Hightower highlighted Target Corporation as her final trade, indicating confidence in the company's performance. Recently, Target appointed Jim Lee from PepsiCo as its new CFO, effective September 22. Lee brings over 25 years of experience in finance and strategy, which could enhance Target's financial leadership. He replaces COO Michael Fiddelke, who has been instrumental in the company's operations. In addition to Target's news, Kevin Simpson of Capital Wealth Planning discussed The Home Depot, suggesting that the company would significantly benefit from lower interest rates. He noted that Home Depot has a dividend yield of 2.3%, making it an attractive option for investors. The company is also dealing with legal issues, having recently settled a lawsuit for nearly $2 million over allegations of overcharging customers at checkout due to 'scanner violations.' Jim Lebenthal of Cerity Partners chose the iShares Core S&P Small-Cap ETF as his final trade, reflecting a broader interest in small-cap investments. On the trading day in question, Target's stock rose by 1.9%, closing at $156.49, while Home Depot's shares increased by 1.7% to settle at $390.34. The iShares Core S&P Small-Cap ETF also saw a gain of 2% during the session. These developments indicate a positive outlook for Target and Home Depot, despite the legal challenges faced by Home Depot. The appointment of a seasoned CFO at Target may signal a strategic shift aimed at strengthening its financial position in a competitive retail landscape.