Final Trades: Capital One, Medtronic, Transocean and Caterpillar

Watch on YouTube ↗  |  January 23, 2026 at 18:27  |  1:03  |  CNBC
Speakers
Jim Lebenthal — Partner, Cetera Investment Management
Bill Baruch — Investment Committee Member
Stephanie Link — Chief Investment Strategist, Hightower
Josh Brown — CEO, Ritholtz Wealth Management

Summary

The CNBC Investment Committee segment features final trades for the second half of the year, including Capital One, Medtronic, Transocean, and Caterpillar. Medtronic is pitched as an innovative company with strong free cash flow and improving margins. Transocean is presented as deeply undervalued based on projected free cash flow versus its market cap. The transcript is truncated, so rationale for Capital One and Caterpillar is not fully captured.

  • Final trades segment names Capital One, Medtronic, Transocean, and Caterpillar.
  • Medtronic is highlighted for innovation, free cash flow, and margin improvement.
  • Transocean is pitched on projected free cash flow relative to market cap.
  • Capital One and Caterpillar are named but lack detailed rationale in the transcript.
  • Host previews upcoming megacap earnings and guests Tom Lee and Keith Lerner.
  • The segment is part of CNBC's Investment Committee final trades for the second half.
Ideas
Jim Lebenthal Partner, Cetera Investment Management 0:42
Innovative pioneer with strong FCF margins
Medtronic is described as a new, innovative pioneer with tons of free cash flow and improving margins, making it an attractive long idea.
MDT MED
Bill Baruch Investment Committee Member 0:55
Huge free cash flow versus market cap
Transocean is projected to generate substantial free cash flow this year relative to its $5 billion market cap, implying deep undervaluation.
RIG MED
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This CNBC video, published January 23, 2026, features Jim Lebenthal, Bill Baruch discussing MDT, RIG. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Lebenthal, Bill Baruch  · Tickers: MDT, RIG