BlackRock, Fortinet, Shake Shack And More: CNBC's 'Final Trades'

Zinger Key Points
  • Bryn Talkington picks JPMorgan Nasdaq Equity Premium Income ETF.
  • Josh Brown names Shake Shack as his final trade.

On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named JPMorgan Nasdaq Equity Premium Income ETF JEPQ as her final trade.

Jim Lebenthal of Cerity Partners picked BlackRock, Inc. BLK.

On Jan. 12, BlackRock reported fourth-quarter revenue growth of 7% Y/Y to $4.631 billion, marginally above the consensus of $4.627 billion. The company also penned a deal to acquire independent infrastructure fund manager Global Infrastructure Partners for $3 billion in cash and approximately 12 million BLK shares.

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Stephanie Link of Hightower Advisors named Fortinet, Inc. FTNT.

Fortinet reported better-than-expected fourth-quarter financial results on Feb. 6. The company reported quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 43 cents by 18.6%. It also reported quarterly sales of $1.42 billion, beating the analyst consensus estimate of $1.41 billion.

Josh Brown of Ritholtz Wealth Management picked Shake Shack Inc. SHAK.

Shake Shack posted upbeat fourth-quarter financial results on Feb. 15. Sales grew 20% Y/Y to $286.2 million, beating the analyst consensus estimate of $280.3 million. Adjusted pro forma EPS was 2 cents for the quarter, beating the consensus estimate of 1 cent.

Price Action:

  • JPMorgan Nasdaq Equity Premium Income ETF gained 2.1% on Thursday.
  • BlackRock shares gained 1% to close at $813.44 during Thursday’s session.
  • Fortinet rose 2.5% to close at $66.96 on Thursday.
  • Shake Shack shares gained 1.3% to close at $97.03.

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Posted In: Long IdeasNewsTop StoriesMarketsMediaTrading IdeasBryn TalkingtonCNBCHalftime Report Final TradesJim LebenthalJosh BrownStephanie LinkStories That Matter
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