On CNBC’s “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth named Eagle Materials Inc. (NYSE:EXP) as his final trade.
On May 17, Eagle Materials announced plans to modernize and expand its cement plant in Laramie, Wyoming.
Sarat Sethi of DCLA said Morgan Stanley (NYSE:MS) hit the $100 level on the way up.
Morgan Stanley, last week, declared a substantial $269.9 million investment in spot Bitcoin (CRYPTO: BTC) ETFs through Grayscale’s (OTC:GBTC) in their first quarter 13F filing.
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Shannon Saccocia of NB Private Wealth picked iShares U.S. Real Estate ETF (NYSE:IYR) as her final trade.
Joseph M. Terranova of Virtus Investment Partners named Axon Enterprise, Inc. (NASDAQ:AXON).
On May 6, Axon Enterprise posted better-than-expected results for its first quarter, reporting adjusted earnings of $1.15 per share beating market estimates of 94 cents per share. The company’s quarterly sales came in at $460.736 million versus expectations of $441.566 million. Axon raised its FY24 revenue outlook and also announced plans to acquire Dedrone, a global leader in airspace security.
Price Action:
- Eagle Materials shares rose 0.3% to close at $256.97 on Monday.
- Morgan Stanley gained 0.1% to settle at $100.33 during Monday’s session.
- iShares U.S. Real Estate ETF fell 0.7% during Monday’s session.
- Axon Enterprise shares rose 1.1% to close at $292.03 on Monday.
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