Scott Wapner and the Investment Committee debate how to trade the winners and losers out of the recent mega cap earnings reports. Meta falls after raising CapEx but Steve Weiss is buying more, he calls in with the details. Plus, Josh Brown spotlights two names in his &quot;Best Stocks in the Market.&quot; And later, we hit the latest Calls of the Day.<br><br>Investment Committee Disclosures<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Mega Cap Winners & Losers 4/30/26

Halftime Report

# Full Transcript

**Podcast:** Halftime Report

## Participants

- **Scott Wapner** (CNBC)
- **Josh Brown** (Ritholtz Wealth Management)
- **Joe Terranova** (CNBC)
- **Jason Snipe** (Odyssey Capital Advisors)
- **Jim Labenthal** (ClearBridge Investments)
- **Stephen Weiss** (CNBC)
- **Pippa Stevens** (CNBC)

## Transcript

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I'm Scott Wapner and you're listening to CNBC's Halftime Report, the podcast, the most profitable hour of the trading day. We record this live weekdays at 12 Eastern. Listen in. All right, Carl, thank you very much. Welcome to the Halftime Report. I'm Scott Wapner. Front and center this hour, which Mega Caps met the moment, which did not? We will discuss and debate those big earnings reports with the Investment Committee. Get you set up for Apple, of course, in overtime tonight.

Joining me for the hour, Josh Brown, Joe Terranova, Jason Sniped and Jim Labenthal. Check the markets here. And we do have a big day building because of earnings. Yes, oil's being watched so closely, but earnings are even more so, I think. And the market seems to like what it's been getting. The Dow up one and a half percent today. You got better than 700 there. S&P, Nasdaq also doing all right. There's the Russell up one and a quarter percent.

We're going to get to all of that in a moment. But I do have a story for all of you that is new at noon today. And that is the 3M spinoff known as Solventum. Well, it is facing more scrutiny today from Nelson Peltz's Tri-In Management. Tri-In, which says it holds around a five percent stake, has sent a new letter to the board pushing the company to make changes it has been suggesting for many months.

It's urged the company to separate more of its businesses, including its dental products and software operations. Well, in today's letter, Tri-In says if Solventum doesn't separate its health info system, software businesses, quote, greater change will be needed. Tri-In's argued that the company's margins and growth have been pretty anemic since that spin from 3M in 2024.

It is also taking issue with the company's capital allocation ...

The Mega Cap Winners & Losers 4/30/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

The Mega Cap Winners & Losers 4/30/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.