Amazon, Apple, FTAI Aviation And A Basic Material Stock: CNBC’s ‘Final Trades’
Avi Kapoor 8 hours ago
MarketsMediaTrading IdeasLong IdeasNews
CNBC Final Trades: Sechan picked Amazon, Baruch chose Coeur Mining, Weiss favored FTAI Aviation, and Terranova selected Apple.
On CNBC’s “Halftime Report Final Trades,” Rob Sechan, founder and managing partner of NewEdge Capital Group, picked Amazon.com, Inc. (NASDAQ:AMZN).
On the earnings front, Amazon reported worse-than-expected third-quarter results on Oct. 29. Amazon posted third-quarter revenue of $201.94 billion, missing the consensus estimate of $202.31 billion, according to Benzinga Pro. The company reported earnings of $1.89 per share for the quarter, missing estimates of $1.97 per share.
Bill Baruch, founder and CIO of both Blue Line Capital and Blue Creek Capital Management, named Coeur Mining, Inc. (NYSE:CDE) as his final trade.
After the closing bell on Wednesday, Coeur Mining reported quarterly earnings of 10 cents per share, which missed the analyst consensus estimate of 34 cents per share. The company reported quarterly sales of $983.616 million, which missed the analyst consensus estimate of $1.268 billion.
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Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, recommended FTAI Aviation Ltd. (NASDAQ:FTAI).
FTAI Aviation posted downbeat third-quarter results on Oct. 29. The company also announced a $500 million accelerated share repurchase and doubled its buyback authorization.
Joseph M. Terranova, senior managing director for Virtus Investment Partners, picked Apple Inc. (NASDAQ:AAPL).
Apple reported better-than-expected financial results for the fourth quarter of fiscal 2026 on Monday. Apple posted fiscal fourth-quarter revenue of $114.48 billion, beating analyst estimates of $113.39 billion. The Cupertino-based company reported earnings of $2.10 per share for the quarter, beating estimates of $1.98 per share, according to Benzinga Pro.
Price Action
- Amazon shares gained 6.1% to close at $266.03 on Wednesday.
- Coeur Mining shares jumped 8.7% to close at $14.58.
- FTAI Aviation shares dipped 10.5% to settle at $179.58 on Wednesday.
- Apple shares gained 5.3% to settle at $349.51 during the session.
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