Joshua Brown of Ritholtz Wealth Management named Nasdaq, Inc. (NASDAQ:NDAQ) as his final trade on CNBC's "Halftime Report Final Trades."
On April 25, Nasdaq reported worse-than-expected first-quarter adjusted EPS results, posting adjusted earnings of 63 cents per share, missing market estimates of 65 cents per share.
The company's sales came in at $1.117 billion versus expectations of $1.114 billion. Nasdaq also announced a 9% increase in quarterly dividend to 24 cents per share.
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Stephen Weiss of Short Hills Capital Partners named Archer-Daniels-Midland Company (NYSE:ADM) as his final trade.
On April 30, Archer-Daniels-Midland posted better-than-expected first-quarter earnings. The company reported adjusted earnings per share of $1.46, beating the analyst consensus of $1.36. Quarterly revenues of $21.85 billion missed the street view of $22.27 billion. Archer-Daniels-Midland sees FY24 adjusted earnings per share of $5.25-$6.25 versus the $5.57 estimate.
In a separate press release, the company said that its global regenerative agriculture program expanded to more than 2.8 million acres in 2023, exceeding its 2 million acre goal.
Liz Young of SoFi picked Global X Copper Miners ETF (NYSE:COPX).
Price Action:
- Archer-Daniels-Midland shares fell 1.9% to close at $60.72 on Thursday.
- Global X Copper Miners ETF declined 1.1% during Thursday's session.
- Nasdaq shares fell 1.5% to close at $61.52 during Thursday's session.
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