Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC's “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners said he is short on Invesco QQQ Trust (NASDAQ:QQQ).
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC named 3M Company (NYSE:MMM).
On April 30, 3M reported better-than-expected first-quarter 2024 results. The company reported net sales of $8 billion, a slight decline of 0.35% year-over-year. Adjusted net sales totaled $7.72 billion, up 0.5% Y/Y, beating the consensus of $7.63 billion with 0.8% growth in organic sales. Adjusted EPS was $2.39 compared to $1.97 in the prior-year quarter, beating the consensus of $2.10.
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Joseph M. Terranova of Virtus Investment Partners said Teradyne, Inc. (NASDAQ:TER) reported strong earnings.
On April 24, Teradyne posted upbeat first-quarter results and issued a strong second-quarter forecast. The company posted adjusted earnings of 51 cents per share, beating market estimates of 33 cents per share.
Teradyne's quarterly sales came in at $599.819 million versus expectations of $566.31 million, according to data from Benzinga Pro.
Price Action:
- 3M shares rose 0.7% to close at $99.63 on Monday.
- Invesco QQQ Trust gained 0.2% during Monday's session.
- Teradyne shares rose 1.6% to settle at $124.85 on Monday.
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