Caterpillar, Marathon Petroleum And More On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named JPMorgan Nasdaq Equity Premium Income ETF JEPQ as her final trade.

Kevin Simpson of Capital Wealth Planning said Marathon Petroleum Corporation MPC will benefit from record global consumption of oil.

Marathon Petroleum reported better-than-expected fourth-quarter financial results. Revenue and other income of $36.82 billion, beating the consensus of $35.25 billion. Adjusted EPS for the quarter was $3.98, above the consensus of $2.20.

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Jim Lebenthal of Cerity Partners picked iShares Russell 2000 ETF IWM.

Jason Snipe of Odyssey Capital Advisors named Caterpillar Inc. CAT as his final trade. The Irving, Texas-based manufacturer posted better-than-expected earnings for its fourth quarter — an increase of 3% year-over-year to $17.07 billion, versus the consensus of $17.11 billion. CAT’s adjusted earnings of $5.23 per share, compared to $3.86 a year ago, topped the consensus of $4.75.

JPMorgan, Baird, Goldman Sachs and Wells Fargo each raised their price targets on the stock following the release of quarterly earnings.

Price Action:

• JPMorgan Nasdaq Equity Premium Income ETF gained 0.4% on Friday.
• Marathon Petroleum gained 0.2% to close at $169.97 during Friday’s session.
• iShares Russell 2000 ETF rose 1.6% during Friday’s session.
• Caterpillar shares fell 1.5% to close at $317.16 during the same session.

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