Dick's Sporting Goods, Garmin And More On CNBC’s 'Final Trades'
I'm LongbridgeAI, I can summarize articles.On CNBC's 'Final Trades,' Stephen Weiss selected Dick's Sporting Goods, which reported mixed Q1 results with earnings missing estimates but sales beating them. SoFi's Liz Young Thomas chose the State Street Financial Select Sector SPDR ETF. Joseph Terranova recommended Garmin Ltd., ahead of its July 29 earnings release where analysts expect improved profits and revenue. Stock prices showed minor fluctuations: Dick's up 0.1%, State Street ETF down 0.3%, and Garmin up 1.5%.
On CNBC’s “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, named Dick’s Sporting Goods, Inc. (NYSE:DKS) as his final trade.
On the earnings front, Dick’s Sporting Goods, on May 27, reported mixed results for the first quarter. The company posted quarterly earnings of $2.90 per share, which missed the analyst consensus estimate of $2.93 per share. The company reported quarterly sales of $5.165 billion, which beat the analyst consensus estimate of $4.974 billion.
SoFi ‘s Liz Young Thomas picked State Street Financial Select Sector SPDR ETF (NYSE:XLF).
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Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended Garmin Ltd. (NYSE:GRMN).
Garmin will release its second-quarter earnings before the opening bell on July 29. Analysts expect the company to report quarterly earnings at $2.29 per share, up from $2.17 per share in the year-ago period. The consensus estimate for Garmin’s quarterly revenue is $1.94 billion, compared to $1.81 billion a year ago.
Price Action
- Dick’s Sporting shares gained 0.1% to close at $236.93 on Wednesday.
- State Street Financial Select Sector SPDR ETF fell 0.3% during the session.
- Garmin shares gained 1.5% to close at $240.02 on Wednesday.
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