Qualcomm Is Due To Report Earnings, McDonald's And More On CNBC's 'Final Trades'

Zinger Key Points
  • Analysts expect Qualcomm to report revenue of more than $8.5 billion after the closing bell.
  • McDonald's reported one of the best quarters so far this earnings season.

On CNBC’s "Halftime Report Final Trades," Joshua Brown of Ritholtz Wealth Management picked iShares U.S. Oil & Gas Exploration & Production ETF PSP, adding that "energy is the next sector to go."

Liz Young of BNY Mellon Investment Management named iShares 7-10 Year Treasury Bond ETF IEF as her final trade.

Jim Lebenthal of Cerity Partners named Qualcomm Incorporated QCOM, which is due to report quarterly earnings on Aug. 2.

See Also: Qualcomm Earnings Preview - Poised To Outperform Despite Chip Excess Concerns, Analyst Predicts

Analysts expect Qualcomm to report quarterly earnings at $1.81 per share on revenue of $8.51 billion after the closing bell.

Stephanie Link of Hightower said McDonald's Corporation MCD reported one of the best quarters so far this earnings season.

McDonald's reported second-quarter FY23 sales growth of 13.6% year-on-year to $6.50 billion, beating the analyst consensus of $6.29 billion. Adjusted EPS of $3.17 beat the analyst consensus of $2.79.

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Price Action: McDonald's shares fell 0.7% to settle at $291.07, while QUALCOMM shares fell 0.1% to close at $132.08 on Tuesday.

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Posted In: Long IdeasNewsTop StoriesMarketsMediaTrading IdeasCNBCHalftime Report Final TradesJim LebenthalJoshua BrownLiz YoungStephanie Link
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