Delta Air Lines, JPMorgan And More On CNBC's 'Final Trades'

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On CNBC's “Halftime Report Final Trades,” JPMorgan Private Bank's Anastasia Amoroso picked iShares US Consumer Discretionary ETF IYC as consumer spending is picking up and consumers are spending on services, travel and e-commerce.

Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. DAL, as the fundamentals look great.

On April 10, Delta Air Lines reported better-than-expected first-quarter earnings. Delta 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.

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Joseph M. Terranova of Virtus Investment Partners named JPMorgan Chase & Co. JPM as his final trade.

On April 12, JPMorgan Chase reported better-than-expected first-quarter earnings. Net revenue (managed) of $42.5 billion (+8% Y/Y), beating the consensus of $41.8 billion. Excluding an item resulted in an increase of $550 million (after tax) to reported net income from $13.4 billion to $14.0 billion and an increase of $0.19 per share to reported EPS from $4.44 to $4.63. EPS was $4.44, beating the consensus of $4.15, according to data from Benzinga Pro.

Price Action:

  • Delta Air Lines shares rose 1.1% to close at $50.45 on Monday.
  • iShares US Consumer Discretionary ETF gained 1.3% during Monday's session.
  • JPMorgan shares fell 0.1% to settle at $193.28 on Monday.

Check This Out: Coca-Cola, Amazon And 3 Stocks To Watch Heading Into Tuesday

Photo: Shutterstock

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Posted In: Long IdeasNewsMarketsMediaTrading IdeasAnastasia AmorosoCNBCHalftime Report FinalJim LebenthalJoseph M. Terranova
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