Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Steve Weiss of Short Hills Capital Partners named Bitcoin (CRYPTO: BTC) as his final trade.
The price of Bitcoin surged above $50,000 for the first time in over two years. Major cryptocurrencies moved higher, rebounding swiftly after a temporary setback after the launch of spot ETFs on Jan. 11.
Jim Lebenthal of Cerity Partners said NXP Semiconductors N.V. (NASDAQ: NXPI) surged to a new all-time high.
NXP reported fourth-quarter adjusted earnings of $3.71 per share which beat the analyst consensus estimate of $3.63 by 2.2% and represents a 0.54% decrease over earnings of $3.73 per share year-over-year. The company reported quarterly sales of $3.42 billion, beating the analyst consensus estimate of $3.40 billion by 0.65% and representing a 3.32% increase over sales of $3.31 billion from the same period last year.
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Joe Terranova of Virtus Investment Partners picked Diamondback Energy, Inc. (NASDAQ: FANG).
Diamondback Energy disclosed a definitive merger deal with Endeavor Energy Resources, L.P. for around $26 billion, inclusive of Endeavor’s net debt. In particular, the transaction comprises around 117.3 million shares of Diamondback common stock and $8 billion of cash, subject to customary adjustments.
Price Action:
- Diamondback Energy shares jumped 9.4% to settle at $165.98 on Monday; the stock opened Tuesday at $167.31.
- NXP Semiconductors shares gained 1.3% to close at $236.68 during Monday’s session; the stock opened Tuesday at $229.10.
- Bitcoin price jumped over 3% over the past 24 hours to $50,039.
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