Toast, CME Group And An Investment Bank On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown of Ritholtz Wealth Management named Toast, Inc. TOST as his final trade.

Supporting his view, Oppenheimer analyst Rayna Kumar, on Jan. 24, initiated coverage on Toast with an Outperform rating and announced a price target of $46. Toast, meanwhile, will release financial results for the fourth quarter and full year following the close of markets on Wednesday, Feb. 19.

Kevin Simpson of Capital Wealth Planning picked CME Group Inc. CME.

Adding support to his choice, CME, on Feb. 12, posted better-than-expected results for the fourth quarter. The company posted adjusted earnings of $2.52 per share, beating market estimates of $2.44 per share. Its sales came in at $1.525 billion versus expectations of $1.519 billion.

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Rounding out the trades, Jason Snipe of Odyssey Capital Advisors named Goldman Sachs Group, Inc. GS.

According to a latest 13F filing with the SEC, Goldman Sachs loaded up more shares of Bitcoin BTC/USD and Ethereum ETH/USD spot exchange-traded funds in the fourth quarter of 2024. The Wall Street giant reported a significant stake in Fidelity Wise Origin Bitcoin Fund FBTC, with 3.53 million shares valued at $288.01 million. Goldman Sachs bought an additional 1.8 million shares of FBTC in the fourth quarter ending Dec. 31.

Price Action:

• Toast shares gained 0.7% to close at $40.49 on Friday.
• CME fell 1.9% to settle at $245.48 during Friday's session.
• Goldman Sachs shares gained 1.8% to close at $660.55 on Friday.

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