CNBC's "Final Trades" Picks: Intel, Cognex, Toast Among Four Stocks

On CNBC's "Midday Report Final Trades" segment, Jenny Van Leeuwen Harrington, CEO of Gilman Hill Asset Management LLC, selected Microchip Technology.

Amy Raskin, Chief Investment Officer at Chevy Chase Trust, chose Cognex Corporation as her final trade pick.

Supporting her pick, Cognex reported better-than-expected second-quarter results on August 5 and issued strong third-quarter guidance.

Cognex reported quarterly earnings per share of 45 cents, surpassing the analyst consensus estimate of 42 cents. The company reported quarterly sales of $291.263 million, below the analyst consensus estimate of $292.545 million.

Rob Sechan, CEO of NewEdge Wealth, recommended Intel Corporation.

Intel is set to report its fiscal fourth-quarter results after the market close on Tuesday, August 25. Analysts expect the company to report earnings per share of $3.59, up from $2.75 in the same period last year. The consensus estimate for Intel's quarterly revenue stands at $4.27 billion, compared to $3.83 billion in the year-ago period.

Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, noted that Toast Inc. hit a year-to-date high on Friday.

Toast posted strong second-quarter results on August 4. The company reported quarterly earnings per share of 26 cents, surpassing the analyst consensus estimate of 20 cents. The company reported quarterly sales of $1.908 billion, exceeding the analyst consensus estimate of $1.871 billion.

Stock Performance:

Microchip rose 0.9%, closing at $65.86 on Friday.

Cognex shares gained 1.4%, closing the session at $60.54.

Intel shares advanced 1.4%, closing at $367.00 on Friday.

Toast shares surged 3.7%, closing the session at $36.64.