Netflix, NextEra Energy And More On CNBC's 'Final Trades'

Author: Avi Kapoor | May 09, 2024 08:43am

On CNBC's “Halftime Report Final Trades,” Joseph M. Terranova of Virtus Investment Partners picked Netflix, Inc. (NASDAQ:NFLX).

On April 18, Netflix reported first-quarter revenue of $9.37 billion — up 14.8% year-over-year.

The revenue beat a Street consensus estimate of $9.275 billion, according to data from Benzinga Pro. The company reported earnings per share of $5.28 for the quarter, which beat a Street consensus estimate of $4.51.

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Netflix added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.

Also on “Final Trades,” Shannon Saccocia of NB Private Wealth named iShares U.S. Real Estate ETF (NYSE:IYR) as her final trade.

Karen Firestone of Aureus Asset Management said NextEra Energy, Inc. (NYSE:NEE) is now going higher and business is coming back.

On April 23, NextEra Energy posted better-than-expected earnings for its first quarter, reporting adjusted earnings of 91 cents per share, beating market estimates of 73 cents per share.

On May 7, BMO Capital analyst James Thalacker maintained NextEra Energy with an Outperform and raised the price target from $72 to $78.

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Price Action:

• iShares U.S. Real Estate ETF fell 0.8% on Wednesday.
• NextEra Energy shares gained 1.3% to settle at $72.85 during Wednesday's session.
• Netflix shares rose 0.6% to settle at $609.47 on Wednesday.

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Image: Shutterstock

Posted In: IYR NEE NFLX