Spotify, Shake Shack, Wynn Resorts And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown, CEO of Ritholtz Wealth Management, said he is bullish on Shake Shack Inc. (NYSE:SHAK), which reported quarterly earnings last week. The company will open 40 to 50 new company-operated stores this year, he noted.

On May 1, the company reported quarterly adjusted earnings per share of 14 cents, missing the street view of 16 cents. Quarterly sales of $320.90 million (up 10.5%) missed the analyst consensus estimate of $328.08 million.

Jim Lebenthal of Cerity Partners said the international expansion makes Wynn Resorts, Limited (NASDAQ:WYNN) a growth stock.

On the earnings front, Wynn Resorts reported quarterly earnings of $1.07 per share on May 6, which missed the analyst consensus estimate of $1.19 per share. The company also reported quarterly sales of $1.70 billion, which missed the analyst consensus estimate of $1.74 billion.

Don't forget to check out our premarket coverage here

Shannon Saccocia, chief investment officer of NB Private Wealth, named iShares U.S. Financials ETF (NYSE:IYF) as her final trade, saying lack of new regulation is a driver here.

Joseph M. Terranova, senior managing director for Virtus Investment Partners, said Spotify Technology S.A. (NYSE:SPOT) hit another all-time high.

Spotify reported quarterly earnings of $1.13 per share on April 29, missing the analyst consensus estimate of $2.33. However, the company’s quarterly sales of $4.41 billion (4.19 billion euros), up 15% year over year, beat the analyst consensus estimate of $4.20 billion.

Price Action:

• Shake Shack shares climbed 3.3% to close at $101.93 on Wednesday.
• Wynn Resorts shares rose 0.7% to $84.12 during Wednesday's session.
• iShares U.S. Financials ETF rose 0.6% on Wednesday..
• Spotify shares climbed 3.8% to settle at $657.10.

Check This Out:

• Wall Street’s Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields

Photo: Shutterstock