Exxon Mobil, Morgan Stanley, Seagate And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Sarat Sethi of DCLA said he likes Morgan Stanley MS as the capital market is going to pick up.

On July 16, Morgan Stanley reported second-quarter EPS of $1.82, up from $1.24 a year ago and beating the consensus of $1.65. The U.S. bank reported second-quarter sales of $15.02 billion, up 11.6% year over year, beating the consensus of $14.30 billion.

Brenda Vingiello of Sand Hill Global Advisors named iShares Core S&P Mid-Cap ETF IJH as her final trade.

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Jim Lebenthal of Cerity Partners said Exxon Mobil Corporation XOM is less than 5% from its all-time high.

Exxon Mobil will release its second quarter financial results before the opening bell on Friday, Aug. 2. Analysts expect the company to report quarterly earnings at $2.03 per share, up from $1.94 per share in the year-ago period. Exxon Mobil expects to report quarterly revenue of $90.99 billion, compared to $82.91 billion a year earlier.

Stephanie Link of Hightower said Seagate Technology Holdings plc STX reported a great quarter.

On July 23, Seagate reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates. The company reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of 75 cents per share. The company reported quarterly sales of $1.890 billion which beat the analyst consensus estimate of $1.877 billion.

Price Action:

• Morgan Stanley shares gained 0.6% to close at $104.19 on Friday.
• iShares Core S&P Mid-Cap ETF gained 1.7% during Friday's session.
• Exxon Mobil shares slipped 0.1% to settle at $117.33 on Friday.
• Seagate shares fell 0.3% to close at $103.68 on Friday.

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Image created using artificial intelligence via Midjourney.