BlackRock, Charles Schwab, Dick's Sporting And More On CNBC’s ‘Final Trades’
Avi Kapoor 2 months ago
MediaTrading IdeasLong IdeasNews
Stephen Weiss picks Dick's Sporting Goods, supported by Wells Fargo's upgrade. Jim Lebenthal's final trade is BlackRock, recommended by Evercore ISI's analyst upgrade. Shannon Saccocia recommends iShares U.S. Industrials ETF and Joseph M. Terranova mentions Charles Schwab breaking up.
On CNBC’s “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked Dick’s Sporting Goods, Inc. (NYSE:DKS).
Lending support to his choice, Wells Fargo analyst Ike Boruchow, on Aug. 10, upgraded Dick’s Sporting Goods from Equal-Weight to Overweight and raised the price target from $220 to $240.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, named BlackRock, Inc. (NYSE:BLK) as his final trade.
Evercore ISI Group analyst Glenn Schorr, on Aug. 10, maintained an Outperform rating on BlackRock and raised the price target from $1,245 to $1,260.
Don’t forget to check out our premarket coverage here
Shannon Saccocia, Neuberger, recommended iShares U.S. Industrials ETF (NYSE:IYJ).
Joseph M. Terranova, senior managing director for Virtus Investment Partners, said The Charles Schwab Corporation (NYSE:SCHW) is breaking up.
On the earnings front, Charles Schwab reported better-than-expected second-quarter fiscal 2026 results on July 21. Adjusted earnings were $1.62 per share, beating the analyst consensus estimate of $1.55. Revenue increased 21% year over year to $7.07 billion, ahead of the consensus estimate of $6.89 billion.
Price Action:
- Dick’s Sporting fell 2.1% to close at $179.33 on Monday.
- BlackRock shares rose 1.4% to settle at $1,172.61 during the session.
- iShares U.S. Industrials ETF fell 0.3% on Monday.
- Charles Schwab shares rose 1.2% to settle at $113.65 during the session.
Photo via Shutterstock