CNBC's "Final Trades": BlackRock, Charles Schwab, Dick's Sporting Goods, and More in Focus
On CNBC's "Midday Report Final Trades," Stephen Weiss, Chief Investment Officer and Managing Partner at Short Hills Capital Partners, selected Dick's Sporting Goods, Inc. In support of his…
On CNBC's "Midday Report Final Trades," Stephen Weiss, Chief Investment Officer and Managing Partner at Short Hills Capital Partners, selected Dick's Sporting Goods, Inc.
In support of his pick, Wells Fargo analyst Ike Boruchow upgraded Dick's Sporting Goods from Equal Weight to Overweight on August 10, raising the price target from $220 to $240.
Jim Lebenthal, Partner and Chief Market Strategist at Cerity Partners, chose BlackRock, Inc. as his final trade.
Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating on BlackRock on August 10, raising the price target from $1,245 to $1,260.
Neuberger's Shannon Saccocia recommended the iShares U.S. Industrials ETF.
Joseph M. Terranova, Senior Managing Director at Virtus Investment Partners, noted that The Charles Schwab Corporation is spinning off.
On the earnings front, Charles Schwab reported better-than-expected second-quarter fiscal 2026 results on July 21. Adjusted earnings per share came in at $1.62, surpassing the analyst consensus estimate of $1.55. Revenue grew 21% year-over-year to $7.07 billion, exceeding the consensus estimate of $6.89 billion.
Price Action:
Dick's Sporting fell 2.1% on Monday, closing at $179.33.
BlackRock shares rose 1.4% during trading, closing at $1,172.61.
The iShares U.S. Industrials ETF declined 0.3% on Monday.
Charles Schwab shares rose 1.2% during trading, closing at $113.65.
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