Nike, Merck, General Motors, And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Liz Young of SoFi named The Energy Select Sector SPDR Fund (NYSE:XLE) as her final trade.

Jim Lebenthal of Cerity Partners said General Motors Company (NYSE:GM) is breaking out.

On April 23, General Motors reported fiscal first-quarter 2024 sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion. Adjusted EPS of $2.62 beat the consensus estimate of $2.14.

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Jason Snipe of Odyssey Capital Advisors picked Merck & Co., Inc. (NYSE:MRK).

On June 3, Moderna and Merck announced the first presentation of results from a planned analysis from the Phase 2b KEYNOTE-942/mRNA-4157-P201 study. The study is evaluating mRNA-4157 (V940), an investigational individualized neoantigen therapy (INT), in combination with Merck's Keytruda in patients with resected high-risk melanoma (stage III/IV) following complete resection (n=157).

Stephanie Link of Hightower named NIKE, Inc. (NYSE:NKE) as her final trade.

Nike Inc reportedly reduced its workforce at its European headquarters as part of a multiyear effort to trim costs. The layoffs are part of a broader plan to save $2 billion globally.

Price Action:

• The Energy Select Sector SPDR Fund fell 0.4% during Friday's session.
• General Motors shares rose 0.5% to close at $45.72 during Friday's session.
• Merck shares rose 0.1% to settle at $130.67 during Friday's session.
• NIKE shares rose 0.9% to close at $96.55 on Friday.

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