Spotify, Vertiv Holdings And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joseph M. Terranova of Virtus Investment Partners picked Spotify Technology S.A. SPOT.

Spotify, on Feb. 4, reported better-than-expected fiscal fourth-quarter 2024 financial sales.

The Stockholm-based company reported quarterly sales of $4.53 billion (4.24 billion euros), up by 16% year-on-year, which beat the analyst consensus estimate of $4.15 billion.

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Stephen Weiss of Short Hills Capital Partners said he is sticking with Vertiv Holdings Co VRT as the stock got cheaper on Wednesday. “It's a good opportunity to get in,” he added.

Shares of Vertiv dipped around 10% on Wednesday following results for its fourth quarter. Net sales rose 26% year-over-year to $2.346 billion, beating the consensus of $2.151 billion.

For 2025, Vertiv said it sees revenue of $9.125 billion – $9.275 billion vs. consensus of $9.148 billion and adjusted EPS of $3.50 – $3.60 vs. consensus of $3.56. For the first quarter, Vertiv expects revenue of $1.900 billion- $1.950 billion (vs. $1.904 billion estimate) and adjusted EPS of $0.57 – $0.63 (vs. consensus of $0.64).

Shannon Saccocia of NB Private Wealth named iShares U.S. Healthcare ETF IYH as her final trade.

Price Action:

• Vertiv shares declined 9.7% to close at $111.24 on Wednesday.
• iShares U.S. Healthcare ETF slipped 0.2% during Wednesday's session.
• Spotify shares gained 2.8% to close at $640.59 on Wednesday.

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