Applied Materials, Nu Holdings And More On CNBC's 'Final Trades'

Rob Sechan of NewEdge Wealth named Applied Materials, Inc. AMAT on CNBC's “Halftime Report Final Trades.”

Applied Materials will release earnings results for its third quarter, after the closing bell on Thursday, Aug. 15. Analysts expect the Santa Clara, California-based company to report quarterly earnings at $2.02 per share, up from $1.81 per share in the year-ago period. Applied Materials is projected to report quarterly revenue of $6.67 billion, according to data from Benzinga Pro.

Bryn Talkington of Requisite Capital Management said JPMorgan Nasdaq Equity Premium Income ETF JEPQ is the defensive way to play the QQQS.

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Shannon Saccocia of NB Private Wealth picked iShares U.S. Industrials ETF IYJ.

Joseph Terranova of Virtus Investment Partners named Nu Holdings Ltd. NU as his final trade.

On Aug. 13, Nu Holdings reported second-quarter revenue of $2.8 billion. The Brazilian bank's top-line results were up 65% on a year-over-year basis. Nu reported second-quarter adjusted net income of $563 million, up from $263 million in the second quarter of 2023. The company said it added 5.2 million customers in the second quarter, bringing total customers up to 104.5 million as of June 30. Monthly average revenue per active customer came in at $11.20.

Price Action:

• JPMorgan Nasdaq Equity Premium Income ETF gained 0.2% on Wednesday.
• Applied Materials shares gained 0.4% to settle at $201.63 during Wednesday's session.
• iShares U.S. Industrials ETF rose 0.5% during Wednesday's session.
• Nu Holdings shares gained 5.3% to settle at $13.38 on Wednesday.

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