On CNBC’s “Halftime Report Final Trades,” Bryn Talkington of Requisite Capital Management expressed her support for Invesco S&P 500 Equal Weight Energy ETF RSPG.
Jason Snipe of Cerity Partners recommended Cardinal Health, Inc. CAH, which has a 6% free cash flow yield.
Cardinal Health recently reported second-quarter FY24 adjusted EPS of $1.82, up 38% Y/Y, surpassing the consensus of $1.60. Sales increased 12% to $57.45 billion, beating the consensus of $57.01 billion.
The company also raised its FY24 adjusted EPS guidance to $7.20-$7.35 from prior guidance of $6.75-$7.00 versus consensus of $6.96.
Josh Brown of Ritholtz Wealth Management reaffirmed his support for Shake Shack Inc. SHAK. The company expects to open 80 new restaurants this year.
Shake Shack reported better-than-expected fourth-quarter financial results. Sales grew 20% Y/Y to $286.2 million, surpassing 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. For FY24, the company projects revenue of $1.21 billion-$1.25 billion vs. consensus of $1.246 billion and Shack level operating margin of 20%-21%.
Price Action:
- Invesco S&P 500 Equal Weight Energy ETF gained 3% on Thursday.
- Cardinal Health shares gained 1.3% to close at $104.94 during Thursday’s session.
- Shake Shack shares jumped 26% to settle at $98.40 on Thursday.
