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ilman Hill Asset Management CEO Jenny Van Leeuwen Harrington highlighted CarMax, Inc. (KMX) as a potential buy, citing its 14 times earnings multiple and strong free cash flow yield of 7.5%. The company also boasts 20% earnings growth. JPMorgan analyst Rajat Gupta recently upgraded the stock from Underweight to Neutral.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, recommended Uber Technologies (UBER), which is near an all-time high after reporting better-than-expected fiscal second-quarter results. The company's revenue grew 18% year-over-year to $12.65 billion, surpassing analyst estimates.
Rob Sechan, CEO of NewEdge Wealth, suggested International Business Machines Corporation (IBM) as a buy opportunity, noting it trades at a reasonable 21 times earnings and is 20% off its recent highs. IBM's recent better-than-expected earnings for the second quarter support this view.
Brenda Vingiello, chief investment officer of Sand Hill Global Advisors, recommended Alexandria Real Estate Equities (ARE) due to its 7% dividend yield. The company posted stronger-than-expected results for the second quarter on July 21.
Price Action: Uber shares rose 1.3%, IBM gained 1.1%, and Alexandria Real Estate Equities increased 2.1%. CarMax fell 0.7%.
