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BlackRock, Fortinet, Shake Shack And More: CNBC's 'Final Trades'

Author: Avi Kapoor | February 23, 2024 09:26am

On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) as her final trade.

Jim Lebenthal of Cerity Partners picked BlackRock, Inc. (NYSE:BLK).

On Jan. 12, BlackRock reported fourth-quarter revenue growth of 7% Y/Y to $4.631 billion, marginally above the consensus of $4.627 billion. The company also penned a deal to acquire independent infrastructure fund manager Global Infrastructure Partners for $3 billion in cash and approximately 12 million BLK shares.

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Stephanie Link of Hightower Advisors named Fortinet, Inc. (NASDAQ:FTNT).

Fortinet reported better-than-expected fourth-quarter financial results on Feb. 6. The company reported quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 43 cents by 18.6%. It also reported quarterly sales of $1.42 billion, beating the analyst consensus estimate of $1.41 billion.

Josh Brown of Ritholtz Wealth Management picked Shake Shack Inc. (NYSE:SHAK).

Shake Shack posted upbeat fourth-quarter financial results on Feb. 15. Sales grew 20% Y/Y to $286.2 million, beating the analyst consensus estimate of $280.3 million. Adjusted pro forma EPS was 2 cents for the quarter, beating the consensus estimate of 1 cent.

Price Action:

  • JPMorgan Nasdaq Equity Premium Income ETF gained 2.1% on Thursday.
  • BlackRock shares gained 1% to close at $813.44 during Thursday’s session.
  • Fortinet rose 2.5% to close at $66.96 on Thursday.
  • Shake Shack shares gained 1.3% to close at $97.03.

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Photo: Shutterstock

Posted In: BLK FTNT JEPQ SHAK