Sherwin-Williams, Valero Energy And More On CNBC's 'Final Trades'

Zinger Key Points
  • Joseph Terranova names Valero Energy as his final trade.
  • Karen Firestone picks The Sherwin-Williams Company.

On CNBC’s "Halftime Report Final Trades," Karen Firestone of Aureus Asset Management named The Sherwin-Williams Company SHW as her final trade.

On Jan. 25, Sherwin-Williams reported fourth-quarter revenue of $5.252 billion, beating the consensus of $5.220 billion. Sales grew 0.4% year over year.

The Cleveland-based company reported adjusted EPS of $1.81, beating the analyst consensus of $1.80. Sherwin-Williams said it expects FY24 adjusted EPS of $10.85-$11.35, versus analyst consensus of $11.33, according to data from Benzinga Pro.

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Shannon Saccocia of Boston Private picked iShares U.S. Real Estate ETF IYR.

Joseph Terranova of Virtus Investment Partners named Valero Energy Corporation VLO as his final trade.

On Jan. 25, Valero Energy reported fourth-quarter revenue of $35.41 billion, which missed the consensus of $35.69 billion. Adjusted EPS was $3.55, beating the consensus of $2.95, as per Benzinga Pro. On Jan. 18, the Board of Directors approved an increase in the regular quarterly cash dividend per share to $1.07 from $1.02, payable on March 4, 2024, to shareholders of record as of Feb. 1, 2024.

Price Action:

  • Sherwin-Williams shares fell 1.7% to close at $336.81 on Wednesday.
  • iShares U.S. Real Estate ETF fell 0.5% during Wednesday’s session.
  • Valero Energy shares rose 5.2% to settle at $158.63 on Wednesday.

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Image: Pixabay

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Posted In: Long IdeasNewsTop StoriesMarketsMediaTrading IdeasCNBCHalftime Report Final TradesJoseph TerranovaKaren FirestoneShannon Saccocia
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