Sherwin-Williams, Visa, NNN REIT And More On CNBC's 'Final Trades'

Joshua Brown of Ritholtz Wealth Management named The Sherwin-Williams Company SHW as his final trade during the latest CNBC “Halftime Report.”

Sherwin-Williams hit a fresh all-time high on Friday. The chart looks like a new breakout is in progress, he noted.

On July 23, Sherwin-Williams said second-quarter adjusted earnings came in at $3.70 per share, beating the Wall Street view of $3.48. The company raised 2024 adjusted EPS guidance to $11.10-$11.40 (from $10.85-$11.35) versus the $11.37 estimate. It expects consolidated net sales to be up a low-single-digit percentage (vs. up low to mid-single digit percentage earlier) compared to the full year 2023.

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Bryn Talkington of Requisite Capital Management said Pacer US Cash Cows 100 ETF COWZ is one of highest free cash flow yielding names in the Russell 1000.

Kevin Simpson of Capital Wealth Planning said Visa Inc. V has pulled back and is no longer expensive relative to historic multiples.

On July 23, Visa reported quarterly earnings of $2.42 per share which met the analyst consensus estimate. Quarterly sales came in at $8.9 billion. They missed the analyst consensus estimate of $8.92 billion by 0.18% and representing a 9.57% increase over sales of $8.12 billion from the same period last year.

Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said NNN REIT, Inc. NNN has a 5% yield.

On Aug. 21, Raymond James analyst RJ Milligan maintained NNN REIT with an Outperform rating and raised the price target from $47 to $48.

Price Action:

• Pacer US Cash Cows 100 ETF gained 2.2% during Friday's session.
• Sherwin-Williams shares rose 0.2% to close at $358.73 during Friday's session.
• Visa fell 0.2% to settle at $267.44 on Friday.
• NNN REIT shares rose 1.1% to close at $46.62 during the session.

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