Analysis

Final Trades: Goldman Sachs, Apollo, Qualcomm, Check Point - April 2024

Final Trades: Goldman Sachs, Apollo, Qualcomm, Check Point - April 2024

On CNBC’s “Halftime Report Final Trades,” Stephen L. Weiss of Short Hills Capital Partners named The Goldman Sachs Group, Inc. (GS) as his final trade. This decision followed Goldman Sachs’ strong earnings report released on April 14th, which showcased impressive results exceeding analyst expectations. The firm reported quarterly earnings of $14.12 per share, significantly surpassing the consensus estimate of $12.35 per share. Furthermore, Goldman Sachs’ revenue reached $15.06 billion, exceeding the anticipated $14.81 billion. These robust figures highlighted the company’s operational strength and market performance. The success of Goldman Sachs’ earnings contributed to a 0.3% increase in its share price, closing at $546.40 on Monday.

Alongside Goldman Sachs, Bryn Talkington, Managing Partner of Requisite Capital Management, highlighted Apollo Global Management, Inc. (APO). Talkington noted that Apollo Global Management is scheduled to release its earnings this Friday. Analyst forecasts predict quarterly earnings of $1.85 per share, alongside revenue of $964.53 million. This anticipation surrounding Apollo Global’s upcoming earnings reflects the company’s significant presence in the private equity and alternative investment sectors. Investors keenly await this announcement as it will provide further insight into the company’s financial health and strategic direction. The potential impact of these earnings on APO’s stock price is a key area of interest for the market.

Cerity Partners’ Jim Lebenthal selected QUALCOMM Incorporated (QCOM) as his final trade, with the company set to release its second-quarter earnings results on Wednesday, April 30th, following the closing bell. Analysts project quarterly earnings of $2.81 per share, coupled with revenue of $10.65 billion. This timing is strategically important, allowing investors to assess Qualcomm’s performance in the crucial period leading up to the busy summer season. Qualcomm’s results are particularly relevant due to its position as a leading innovator in 5G technology and mobile communications, factors that heavily influence market sentiment. The company’s performance is therefore closely watched by investors and industry observers alike.

Adding to the diverse range of stocks under consideration, Joseph M. Terranova of Virtus Investment Partners chose Check Point Software Technologies Ltd. (CHKP) after the company’s performance following its previous earnings report. On April 23rd, Check Point Software reported quarterly revenue growth of 7% year-over-year, reaching $637.8 million, which exceeded the analyst consensus estimate of $636.2 million. This positive growth trajectory indicates continued demand for Check Point’s cybersecurity solutions, a sector experiencing heightened importance due to increasing global cyber threats. The company’s ability to capitalize on this demand is a key indicator of its long-term viability and investment potential.

During Monday’s trading session, Check Point Software shares experienced a notable climb, rising 2.8% to settle at $212.41. This surge reflects the market’s positive reaction to the company’s strong revenue growth and its ability to meet, and even surpass, analyst expectations. This illustrates the market’s responsiveness to key financial metrics and highlights the significance of Check Point Software’s performance within the cybersecurity landscape. Furthermore, the company’s continued growth positions it as a key player in a sector with substantial growth potential.

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