Insights from CNBC's 'Final Trades' Featuring Major Stocks
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Highlights from CNBC's Final Trades
On CNBC's lively segment, traders share their top picks in the financial markets. Recently, Rob Sechan from NewEdge Wealth highlighted Salesforce, Inc. (NYSE: CRM) as one worth watching.
Salesforce's Strong Earnings Report
Salesforce recently reported impressive second-quarter results, achieving a revenue of $9.33 billion, surpassing the analyst consensus of $9.23 billion. Moreover, adjusted earnings came in at $2.56 per share, exceeding expectations of $2.36 per share.
Wynn Resorts Under Spotlight
Jim Lebenthal from Cerity Partners also considers Wynn Resorts, Limited (NASDAQ: WYNN) to be a notable stock. Despite reporting quarterly earnings of $1.12 per share on revenue amounting to $1.733 billion, both figures fell short of analyst predictions.
Charles Schwab's Trading Potential
Investment insights continue with Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, who emphasized The Charles Schwab Corporation (NYSE: SCHW) as being attractively priced at 17 times earnings. Notably, analysts remain optimistic, with a maintained Outperform rating and a price target of $80.
EPAM Systems Makes Strategic Move
Karen Firestone of Aureus Asset Management points to EPAM Systems, Inc. (NYSE: EPAM) as her stock of choice. They have recently announced an agreement to acquire NEORIS, indicating a proactive strategy for growth.
Recent Price Movements
The stock market reactions for these companies yielded mixed results. Salesforce experienced a slight decline of 0.2% to close at $247.68. In contrast, Wynn Resorts enjoyed a gain of 1.6%, settling at $77.04. Meanwhile, Charles Schwab fell by 1.4% to $63.90, while EPAM Systems saw a positive uptick of 2.6%, closing at $200.50.
Final Thoughts
These highlighted trades from CNBC's segment reflect the dynamic nature of the stock market, showcasing key investment insights and the movements of significant stocks to keep an eye on.
Frequently Asked Questions
What companies were mentioned in CNBC's Final Trades?
Companies mentioned include Salesforce, Wynn Resorts, Charles Schwab, and EPAM Systems.
How did Salesforce perform in its recent earnings report?
Salesforce reported revenue of $9.33 billion and adjusted earnings of $2.56 per share, exceeding analyst estimates.
What was Wynn Resorts' quarterly revenue?
Wynn Resorts reported quarterly revenue of $1.733 billion, which missed analyst consensus estimates.
What does analysts' outlook say about Charles Schwab?
Analysts maintain an Outperform rating on Charles Schwab with a price target of $80.
What acquisition did EPAM Systems announce?
EPAM Systems announced its agreement to acquire NEORIS, marking a strategic growth move.
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