Mastercard, American Express And A Tech Stock: CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Jason Snipe of Odyssey Capital Advisors picked Mastercard Incorporated MA.

Cross-border volumes were up over 24%, Snipe said, adding, "I like the momentum here."

Purchase, New York-based Mastercard posted better-than-expected fourth-quarter earnings. Net revenues stood at $6.55 billion, up 13% Y/Y and 11% Y/Y on a neutral currency basis, beating the consensus of $6.48 billion.

Adjusted EPS rose 20% Y/Y to $3.18, exceeding the consensus of $3.08.

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Stephanie Link of Hightower said American Express Company AXP is a little bit cheaper than Mastercard.
The New York-based firm's fiscal fourth-quarter revenue 2023 (net of interest expense) grew 11% year-on-year to $15.8 billion, missing the consensus of $16 billion. EPS of $2.62 missed the consensus of $2.64.

Joe Terranova of Virtus Investment Partners named Amphenol Corporation APH as his final trade.

Amphenol reported a fourth-quarter FY23 sales increase of 3% year-on-year to $3.328 billion, beating the consensus of $3.150 billion. Adjusted EPS of $0.82 topped the consensus of $0.77. Amphenol expects first quarter sales of $3.04 billion to $3.1 billion. This represents a 2% to 4% increase over the prior year quarter, and the street view pegs at $3.12 billion. The company sees adjusted EPS of 71 cents to 73 cents, representing a 3% to 6% increase from the first quarter of 2023. The analyst consensus stands at $0.72.

Price Action:

• Mastercard shares fell 0.1% to close at $460.58 on Friday.
• Shares of American Express gained 1.6% to close at $206.41 on Friday.
• Amphenol shares gained 1% to settle at $103.46 during Friday’s session.

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