On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, named BlackRock, Inc. (NYSE:BLK) as his final trade.
BlackRock, on Jan. 15, reported better-than-expected fourth-quarter financial results and raised its quarterly dividend. Revenue grew 23% year-over-year (Y/Y) to $7.01 billion, beating the consensus of $6.69 billion. Adjusted operating income rose 22% Y/Y to $2.85 billion. Adjusted EPS increased 10% Y/Y to $13.16, beating the consensus of $12.25.
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, picked SPDR Gold Shares (NYSE:GLD), saying momentum is expected to continue.
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Joe Terranova, senior managing director for Virtus Investment Partners, named Thermo Fisher Scientific Inc. (NYSE:TMO) as his final trade.
On the earnings front, Thermo Fisher Scientific will release its financial results for the fourth quarter before the opening bell on Thursday, Jan. 29. Analysts expect the company to report quarterly earnings at $6.45 per share, up from $6.10 per share in the year-ago period.
Thermo Fisher is projected to post quarterly revenue of $11.89 billion, compared to $11.39 billion a year earlier.
Price Action:
- BlackRock shares fell 0.7% to close at $1,121.54 on Monday.
- SPDR Gold Shares gained 1.5% during the session.
- Thermo Fisher shares gained 0.1% to close at $626.62 on Monday.
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