On a recent broadcast of CNBC’s “Halftime Report Final Trades,” various experts shared their insights on potential investment opportunities, including Lululemon Athletica Inc., CME Group Inc., and Archer-Daniels-Midland Company.
Clothing Giant Lululemon Athletica’s Financial Outlook
A standout mention went to Lululemon Athletica Inc., which is poised to unveil its earnings report this week on March 21. Analysts forecast quarterly earnings of $5.00 per share, up from $4.40 per share year-over-year. Revenue projections stand at $3.19 billion, reflecting an increase from $2.77 billion in the same period last year.
Market Expectations for CME Group Inc.
Brenda Vingiello of Sand Hill Global Advisors endorsed CME Group Inc. as her top pick. The company is slated to announce its first-quarter earnings on April 24, 2024. Market analysts anticipate quarterly earnings of $2.45 per share, an improvement from $2.42 per share in the previous year’s quarter. Revenue estimates indicate a rise to $1.47 billion from $1.39 billion in the corresponding period.
Archer-Daniels-Midland Company’s Performance Update
Stephen Weiss of Short Hills Capital Partners selected Archer-Daniels-Midland Company, which recently reported a decline in fourth-quarter revenues by 11.4% year-on-year to $22.98 billion. This figure fell short of the estimated $23.64 billion. The company’s adjusted earnings per share were reported at $1.36, missing the consensus of $1.43. ADM also addressed certain accounting practices in an update, with the investigation commencing in January 2024.
Price Movement Summary:
- Lululemon shares slid 1.1% to a closing price of $64.94 on Friday.
- CME Group saw a 0.9% decline, settling at $217.50 during Friday’s session.
- Archer-Daniels-Midland registered a 1.9% increase, closing at $59.31 on Friday.