Charles Schwab, Allison Transmission, Enphase Energy And A Ride-Hailing Giant At 18-Month High: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
CNBC's 'Halftime Report Final Trades' featured recommendations for Charles Schwab Corporation (SCHW), Uber Technologies (UBER), Allison Transmission Holdings (ALSN), and Enphase Energy (ENPH). Analysts have maintained Buy ratings for SCHW and UBER, while ALSN and ENPH have reported positive financial results and expanded partnerships.
June 07, 2023 | 12:01 pm
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POSITIVE IMPACT
Allison Transmission Holdings trades at 8 times P/E with accelerating double-digit top-and-bottom-line. The company reported better-than-expected Q1 EPS and sales results.
Allison Transmission Holdings' 8 times P/E and accelerating double-digit growth, along with better-than-expected Q1 EPS and sales results, indicate a positive short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Enphase Energy recently announced the expansion of its distribution partnership with Natec in Europe. The stock's price action settled at $182.61.
Enphase Energy's announcement of its expanded distribution partnership with Natec in Europe suggests a positive short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Charles Schwab Corporation trades at 15 times earnings, with Jefferies analyst Daniel Fannon maintaining a Buy rating and raising the price target from $61 to $64.
The Buy rating and raised price target by Jefferies analyst Daniel Fannon indicate a positive outlook for Charles Schwab Corporation's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Uber Technologies is trading at an 18-month high, with analysts giving it a consensus Buy rating. Wedbush analyst Scott Devitt initiated coverage with an Outperform rating and a price target of $46.
Uber Technologies' 18-month high and consensus Buy rating from analysts, along with Wedbush analyst Scott Devitt's Outperform rating and $46 price target, suggest a positive short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100