Benzinga | Aug 10, 2020 03:40PM EDT

'Halftime Report' Traders Advise Viewers On IBM, Ulta And More

On CNBC's "Fast Money Halftime Report," Joe Terranova said he is holding his long position in Marriott International Inc (NASDAQ:MAR). He believes that it is going much higher.

Stephen Weiss revealed that his biggest positions are SPDR S&P Homebuilders (NYSE:XHB) and iShares Dow Jones US Home Const. (BATS:ITB). He likes the sector because there are mass exits from the cities into the suburbs and interest rates are at their historical low levels. He would buy PulteGroup, Inc. (NYSE:PHM) and he thinks that SPDR S&P Homebuilders (NYSE:XHB) is going to move higher.

Shannon Saccocia said that IBM Common Stock (NYSE:IBM) is probably not the best tech stock you can buy, but it has an undemanding valuation and a 5% dividend yield. She also thinks that it has a catalyst to turn around. If you buy the stock here, you are going to get some appreciation and while you wait, you are going to get a nice dividend yield, said Saccocia.

Michael Farr has a small position in Ross Stores, Inc. (NASDAQ:ROST). He thinks that the management has done a very good job through the pandemic. Farr expects the company to come through fine and he would be a buyer.

Tiffany McGhee sees more upside for Ulta Beauty Inc (NASDAQ:ULTA) and she thinks that it is a good buying opportunity.