Netflix, Quanta Services And A Financial Stock Stock On CNBC’s ‘Final Trades’

On CNBC’s “ Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, named Netflix, Inc. (NASDAQ: NFLX ) as his final trade.

On the earnings front, Netflix reported mixed second-quarter financial results on July 16 and issued weak guidance for the third quarter.

Netflix reported second-quarter revenue of $12.56 billion, up 13% year-over-year.

The revenue total missed a Street estimate of $12.59 billion, according to data Pro.

Second-quarter earnings of 80 cents per share beat a Street consensus estimate of 79 cents per share.

Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, said Quanta Services, Inc. (NYSE: PWR ) is down 25% from its highs.

Quanta Services announced that it will release its second-quarter financial results on Thursday, July 30, before the opening bell.

Analysts expect the company to report quarterly earnings of $3.31 per share on revenue of $8.59 billion.

Don’t forget to check out our premarket coverage here Joseph M.

Terranova, senior managing director for Virtus Investment Partners, recommended Raymond James Financial, Inc. (NYSE: RJF ) following the release of quarterly earnings.

Raymond James, on July 22, reported third-quarter earnings of $3.14 per share, which beat the analyst consensus estimate of $2.91 per share.

The company reported quarterly sales of $3.930 billion, which beat the analyst consensus estimate of $3.875 billion.

Price Action: Netflix shares gained 2.8% to close at $72.39 on Tuesday.

Quanta Services shares fell 5.2% to settle at $588.36 during the session.

Raymond James Financial shares gained 2.1% to close at $177.18 on Tuesday.

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