NXP Semiconductors, Diamondback Energy And More: CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Steve Weiss of Short Hills Capital Partners named Bitcoin BTC/USD as his final trade.

The price of Bitcoin surged above $50,000 for the first time in over two years. Major cryptocurrencies moved higher, rebounding swiftly after a temporary setback after the launch of spot ETFs on Jan. 11.

Jim Lebenthal of Cerity Partners said NXP Semiconductors N.V. NXPI surged to a new all-time high.

NXP reported fourth-quarter adjusted earnings of $3.71 per share which beat the analyst consensus estimate of $3.63 by 2.2% and represents a 0.54% decrease over earnings of $3.73 per share year-over-year. The company reported quarterly sales of $3.42 billion, beating the analyst consensus estimate of $3.40 billion by 0.65% and representing a 3.32% increase over sales of $3.31 billion from the same period last year.

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Joe Terranova of Virtus Investment Partners picked Diamondback Energy, Inc. FANG.

Diamondback Energy disclosed a definitive merger deal with Endeavor Energy Resources, L.P. for around $26 billion, inclusive of Endeavor’s net debt. In particular, the transaction comprises around 117.3 million shares of Diamondback common stock and $8 billion of cash, subject to customary adjustments.

Price Action:

• Diamondback Energy shares jumped 9.4% to settle at $165.98 on Monday; the stock opened Tuesday at $167.31.
• NXP Semiconductors shares gained 1.3% to close at $236.68 during Monday’s session; the stock opened Tuesday at $229.10.
• Bitcoin price jumped over 3% over the past 24 hours to $50,039.

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