Morgan Stanley, Eagle Materials, Axon Enterprise And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Rob Sechan of NewEdge Wealth named Eagle Materials Inc. EXP as his final trade.

On May 17, Eagle Materials announced plans to modernize and expand its cement plant in Laramie, Wyoming.

Sarat Sethi of DCLA said Morgan Stanley MS hit the $100 level on the way up.

Morgan Stanley, last week, declared a substantial $269.9 million investment in spot Bitcoin BTC/USD ETFs through Grayscale’s GBTC in their first quarter 13F filing.

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Shannon Saccocia of NB Private Wealth picked iShares U.S. Real Estate ETF IYR as her final trade.

Joseph M. Terranova of Virtus Investment Partners named Axon Enterprise, Inc. AXON.

On May 6, Axon Enterprise posted better-than-expected results for its first quarter, reporting adjusted earnings of $1.15 per share beating market estimates of 94 cents per share. The company's quarterly sales came in at $460.736 million versus expectations of $441.566 million. Axon raised its FY24 revenue outlook and also announced plans to acquire Dedrone, a global leader in airspace security.

Price Action:

• Eagle Materials shares rose 0.3% to close at $256.97 on Monday.
• Morgan Stanley gained 0.1% to settle at $100.33 during Monday's session.
• iShares U.S. Real Estate ETF fell 0.7% during Monday's session.
• Axon Enterprise shares rose 1.1% to close at $292.03 on Monday.

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