Delta Air Lines, Live Nation Entertainment And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners said Delta Air Lines, Inc. DAL just hit a post-pandemic high.

On April 10, Delta Air Lines reported better-than-expected first-quarter earnings. The company reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and adjusted operating revenue of $12.563 billion (+6% YoY), beating the consensus of $12.57 billion. Adjusted EPS was 45 cents, above the consensus of 36 cents, according to data from Benzinga Pro.

Liz Young of SoFi named Invesco S&P 500 Low Volatility ETF SPLV as her final trade.

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Joshua Brown of Ritholtz Wealth Management picked Live Nation Entertainment, Inc. LYV.

On May 2, Live Nation Entertainment posted first-quarter GAAP loss of 53 cents per share, compared to market estimates for a loss of 18 cents per share. The company's quarterly sales came in at $3.8 billion versus expectations of $3.259 billion.

Redburn Atlantic analyst Ed Vyvyan upgraded Live Nation Entertainment from Neutral to Buy and raised the price target from $114 to $115 on May 9.

Price Action:

• Delta Air Lines shares rose 0.9% to close at $52.75 on Thursday.
• Invesco S&P 500 Low Volatility ETF gained 0.6% during Thursday's session.
• Live Nation Entertainment shares rose 1.3% to settle at $97.03 on Thursday.

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