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Best trades on CNBC Wednesday: Pros make these portfolio moves during unstable markets, rocky earnings

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Best trades on CNBC Wednesday: Pros are making these big portfolio moves despite an unstable market and rocky earnings reports

Market Movers rounds up the best trades from investors and analysts on CNBC throughout the day. Traders say they are betting big on certain companies after they reported mixed earnings and guidance for next quarter.

On Wednesday, the markets held onto late-day gains boosted by notes from the Federal Reserve's last meeting, which indicated more rate hikes . Wednesday's mentioned investments include JPMorgan, Dick's Sporting Goods and Snap .

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