On the earnings front, Dick’s reported mixed results for the first quarter on May 27. The retailer posted quarterly earnings of $2.90 per share, which missed the analyst consensus estimate of $2.93 per share. The company reported quarterly sales of $5.165 billion, which beat the analyst consensus estimate of $4.974 billion.Sarat Sethi, DCLA portfolio manager, named TransDigm Group Incorporated (NYSE:TDG) as his final trade.TransDigm Group, on July 27, announced it will acquire maker of specialty metal components Prince & Izant for $1.066 billion in cash.Don’t forget to check out our premarket coverage here Jim Lebenthal, partner and chief market strategist at Cerity Partners, picked Apollo Global Management, Inc. (NYSE:APO).Supporting his view, HSBC analyst Vikram Gandhi, on July 20, initiated coverage on Apollo Global Management with a Buy rating and announced a price target of $145.Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended Steel Dynamics, Inc. (NASDAQ:STLD).Steel Dynamics, on July 20, reported better-than-expected second-quarter sales results.Price Action
Dick’s Sporting shares gained 2.5% to close at $200.82 on Monday.
TransDigm shares gained 2.5% to close at $1,285.56 during the session.
