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American Express, Trade Desk And More: CNBC's 'Final Trades'

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American Express, Trade Desk And More: CNBC's 'Final Trades'

American Express Company (NYSE:AXP) has “above market growth for below market multiple,” Amy Raskin of Chevy Chase Trust said on CNBC's “Halftime Report Final Trades.”

On May 7, American Express recently declared a dividend on Series D Preferred Stock and regular quarterly dividend.

On April 19, the New York-based company's first-quarter revenue (net of interest expense) grew 11% year-on-year to $15.80 billion, marginally beating the consensus of $15.79 billion. EPS of $3.33 beat the consensus of $2.95.

Stephen Weiss of Short Hills Capital Partners named U.S. 2 Year Treasury, saying it's just time not to take bets.

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Brian Belski of BMO Capital Markets picked The Trade Desk, Inc. (NASDAQ:TTD), saying "online and audio advertising, it’s a new position for us."

On May 8, Trade Desk posted better-than-expected first-quarter financial results. The company reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 21 cents by 23.81%. Quarterly sales came in at $491.25 million which beat the analyst consensus estimate of $480.31 million.

Joe Terranova of Virtus Investment Partners named SPDR S&P Biotech ETF (NYSE:XBI) as his final trade.

Price Action:

  • Trade Desk shares rose 0.4% to close at $93.11 on Monday.
  • American Express shares fell 1.3% to close at $ 236.88 during Monday's session.
  • SPDR S&P Biotech ETF gained 2.6% during Monday's session.

Check This Out: Top 3 Utilities Stocks That May Plunge In Q2

Image: Shutterstock

 

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Posted-In: Amy Raskin Brian Belski CNBCLong Ideas News Markets Media Trading Ideas

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