Apple, MercadoLibre, PG&E And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said Apple Inc. (NASDAQ:AAPL) may be finding support here and doesn't seem to want to go down anymore.

On the earnings front, Apple, on July 31, reported fiscal third-quarter revenue of $94 billion, beating analyst estimates of $89.04 billion. The iPhone maker reported third-quarter earnings of $1.57 per share, beating analyst estimates of $1.42 per share, according to Benzinga Pro.

Jim Lebenthal, partner at Cerity Partners, named PG&E Corporation (NYSE:PCG) as his final trade.

On July 31, PG&E reported quarterly earnings of 31 cents per share. It missed the analyst consensus estimate of 36 cents per share. The company also reported quarterly sales of $5.898 billion, which missed the analyst consensus estimate of $6.369 billion.

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Anastasia Amoroso, iCapital’s chief investment strategist, selected the Industrial Select Sector SPDR Fund (NYSE:XLI), noting that industrials are currently absorbing the tariff impact.

Joe Terranova, senior managing director at Virtus Investment Partners, named MercadoLibre, Inc. (NASDAQ:MELI) as his final trade.

On Monday, MercadoLibre reported quarterly earnings of $10.31 per share which missed the analyst consensus estimate of $12. Quarterly revenue came in at $6.79 billion, which beat the Street estimate of $6.55 billion and is up from $5.07 billion from the same period last year.

Price Action:

• Apple shares fell 0.2% to settle at $202.92 on Tuesday.
• PG&E shares rose 0.9% to close at $15.17 during the session.
• The Industrial Select Sector SPDR Fund slipped 0.2% during the session.
• MercadoLibre rose 0.5% to close at $2,408.02 on Tuesday.

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