D.R. Horton, Shake Shack And A Home Construction Company Up 32% This Year: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
CNBC's 'Halftime Report Final Trades' featured stock picks from various analysts, including Shake Shack (SHAK), Health Care Select Sector SPDR Fund (XLV), D.R. Horton (HUM), and Lennar Corporation (LEN). D.R. Horton reported better-than-expected sales, while Lennar raised its full-year outlook after strong Q2 results.
June 21, 2023 | 12:46 pm
News sentiment analysis
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NEUTRAL IMPACT
TD Cowen analyst Andrew Charles reiterated Shake Shack with a Market Perform and maintained a $75 price target.
The analyst's reiteration of a Market Perform rating and maintaining the $75 price target suggests a neutral outlook for Shake Shack in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Liz Young of BNY Mellon Investment Management picked Health Care Select Sector SPDR Fund (XLV) as her stock pick.
Liz Young's pick of XLV does not provide specific information on the short-term impact on the stock, so the outlook remains neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
D.R. Horton (HUM) reported sales of $7.97 billion, beating the consensus of $6.47 billion, for the second quarter of 2023.
D.R. Horton's better-than-expected sales for Q2 2023 suggest a positive outlook for the company in the short term, as it beat the consensus estimate.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lennar Corporation (LEN) reported better-than-expected Q2 results and raised its full-year outlook, with the stock up 32% year to date.
Lennar Corporation's strong Q2 results and raised full-year outlook indicate a positive short-term impact on the stock, as it has already gained 32% year to date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100