Stock Strategies: Insights from Top Traders on CNBC

Latest Stock Picks from CNBC’s Final Trades

In a recent episode of CNBC’s popular segment, traders shared their choices for stocks that could see significant movement. Among those highlighted was Agnico Eagle Mines Limited (AEM), with Kevin Simpson from Capital Wealth Planning citing expectations for robust quarterly earnings, indicating a fifth consecutive quarter of strong free cash flow.

Agnico Eagle Mines Limited Performance

As the market closed on a Thursday, Agnico Eagle shares were met with positive news as the company reported fourth-quarter earnings of $1.26 per share. This figure surpassed the expectations of analysts, who had estimated earnings at $1.18 per share. However, quarterly sales were reported at $2.22 billion, which slightly fell short of the anticipated $2.27 billion.

Implications for Investors

The consistent performance in earnings may suggest a potential for continued strength in the stock, particularly among investors who favor stability in the mining sector.

Freeport-McMoRan Inc Insights

Next in line was Freeport-McMoRan Inc (FCX), chosen by trader Bill Baruch of Blue Line Capital. Baruch mentioned the upward trend in copper as a strong indicator for future growth, especially as copper prices have increased over 10% so far this month. He expressed optimism for Freeport’s stock price as it remains near its recent lows.

Quarterly Results and Stock Movement

On January 23rd, Freeport-McMoRan announced its fourth-quarter results, reporting revenues of $5.72 billion, which was less than the $5.99 billion consensus estimate. The adjusted earnings per share (EPS) of $0.31 surpassed expectations of $0.22, indicating resilience in a challenging market.

Starbucks Corporation and Record Highs

Trading veteran Joshua Brown of Ritholtz Wealth Management remains bullish on Starbucks Corporation (SBUX), especially following the company’s announcement of record earnings. Notably, Starbucks reached a new 52-week high during the week, highlighting its strong performance amidst market fluctuations.

Financial Results that Impress

The coffee giant showcased impressive financial results on January 28th, reporting first-quarter revenues of $9.4 billion, exceeding analyst predictions of $9.32 billion. Additionally, its earnings of 69 cents per share were higher than the 66 cents forecasted by analysts, reinforcing investor confidence.

KraneShares CSI China Internet ETF

Investors should also take note of KraneShares CSI China Internet ETF (KWEB), which emerged as a strategic choice by Liz Young Thomas of SoFi. The trending ETF reflects a growing interest in the Chinese tech sector, which may offer unique opportunities for diversification and growth.

Market Reactions and Price Actions

The stock market opened with the following new prices:

• Agnico Eagle Mines at $99.75
• Freeport-McMoRan at $40.49
• Starbucks at $112.73
• KraneShares CSI China Internet ETF at $36

This week’s market activities underline the agility and awareness among traders and investors alike, as they assess their positions and plan for the future amid a shifting economic landscape.

Frequently Asked Questions

What stocks were mentioned in CNBC's final trades recently?

The recent final trades included Agnico Eagle Mines (AEM), Freeport-McMoRan (FCX), Starbucks Corporation (SBUX), and the KraneShares CSI China Internet ETF (KWEB).

How did Agnico Eagle Mines perform in earnings?

Agnico Eagle Mines reported earnings of $1.26 per share, exceeding the analyst consensus estimate of $1.18 per share for the fourth quarter.

What are traders saying about Freeport-McMoRan?

Traders expressed optimism about Freeport-McMoRan, especially as copper prices rise. Analysts noted the stock remains close to its lows, presenting potential opportunities.

What financial results did Starbucks report?

Starbucks reported first-quarter revenues of $9.4 billion, surpassing expectations, and earnings of 69 cents per share, which was also above analyst predictions.

What is the significance of the KWEB ETF choice?

The KraneShares CSI China Internet ETF represents a growing interest in Chinese tech stocks and offers investors a pathway to diversify their portfolios.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

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