Lennar, American Tower And A Social Media Giant On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Stephen L. Weiss of Short Hills Capital Partners said Meta Platforms, Inc. META still has some catching up to do as the stock was over $500 before the company announced its earnings.

Meta Platforms is launching a separate, third-party fact-checking program for its social media platform Threads.

Head of Instagram Adam Mosseri announced Tuesday night that the platform “recently rolled out the ability for our third-party fact-checking partners to review and rate false content on Threads."

Kari Firestone of Aureus Asset Management picked American Tower Corporation AMT as the cell tower business is strong.

On April 30, American Tower reported fiscal first-quarter 2024 revenue growth of 2.4% year-on-year to $2.834 billion, beating the consensus estimate of $2.795 billion. AFFO per share attributable was $2.79, up by 9.8% Y/Y and against the consensus of $2.54.

Don't forget to check out our premarket coverage here

Joseph M. Terranova of Virtus Investment Partners named Lennar Corporation LEN as his final trade.

On March 13, Lennar posted mixed financial results for its first quarter. The company posted GAAP earnings of $2.57 per share, versus market estimates of $2.23 per share. The company's quarterly sales came in at $7.310 billion, versus expectations of $7.388 billion, according to data from Benzinga Pro.

Price Action:

• Meta shares rose 2.1% to close at $481.54 on Wednesday.
• American Tower gained 2.7% to settle at $192.02 during Wednesday's session.
• Lennar shares rose 5.3% to settle at $170.85 on Wednesday.

Check This Out: Top 3 Real Estate Stocks That May Implode In Q2

Image: Shutterstock