😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Target, Apollo Global Management, Las Vegas Sands And More: CNBC's 'Final Trades'

Published 11/03/2024, 12:43
Updated 11/03/2024, 14:10
© Reuters.  Target, Apollo Global Management, Las Vegas Sands And More: CNBC's 'Final Trades'

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

On CNBC’s "Halftime Report Final Trades," Jason Snipe of Odyssey Capital Advisors named Apollo Global Management, Inc. (NYSE: APO) as his final trade.

On March 8, Apollo Global Management appointed Chris McIntyre as Partner, Global Head of the Institutional Client Group and member of the firm's Leadership Team, effective April 15, 2024.

Stephanie Link of Hightower picked Las Vegas Sands Corp. (NYSE: LVS), adding that Macau is recovering.

On Jan. 24, Las Vegas Sands reported mixed results for its fourth quarter. The company reported quarterly adjusted earnings of 57 cents per share, missing the analyst consensus estimate of 61 cents, a 400% increase over losses of 19 cents per share from the same period last year. Las Vegas Sands reported quarterly sales of $2.92 billion, exceeding the analyst consensus estimate of $2.90 billion, a 160.97% increase over sales of $1.12 billion from the same period last year.

Don’t forget to check out our premarket coverage here

Shannon Saccocia of Boston Private named iShares U.S. Healthcare ETF (NYSE: IYH).

Joseph Terranova of Virtus Investment Partners picked Target Corporation (NYSE: TGT) as his final trade.

On March 5, Target reported better-than-expected fourth-quarter earnings and issued FY24 outlook. The company reported fourth-quarter FY23 revenue growth of 1.7% year-on-year to $31.92 billion, beating the analyst consensus estimate of $31.83 billion.

Comparable sales declined 4.4% in the fourth quarter, reflecting comparable store sales declines of 5.4% and comparable digital sales decline of 0.7%. Adjusted EPS of $2.98 beat the analyst consensus estimate of $2.42.

Price Action:

Apollo Global Management shares fell 2% to close at $108.75 on Friday.

Las Vegas Sands shares rose 0.1% to close at $51.51 during Friday’s session.

iShares U.S. Healthcare ETF fell 0.2% on Friday.

Shares of Target fell 1.1% to close at $169.72 on Friday.

Check This Out: Cramer Says Sprout Social Is In A 'Hot Spot,' But This Energy Stock Is 'Too Down And Out' '

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.