Fortive, Arch Capital And This Hotel Chain Are CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
CNBC's 'Halftime Report Final Trades' featured recommendations for Marriott International, Fortive Corporation, and Arch Capital Group. Marriott is expected to benefit from a rebound in cross-border travel and its deal with Hiap Hoe Limited. Fortive reported 6.1% YoY sales growth in Q1, beating estimates. Arch Capital Group has been growing at 34% over the last four quarters and received an Overweight rating from Morgan Stanley.
June 22, 2023 | 2:26 pm
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POSITIVE IMPACT
Arch Capital Group has been growing at 34% over the last four quarters and received an Overweight rating from Morgan Stanley with a $92 price target.
Arch Capital Group's strong growth and positive rating from Morgan Stanley indicate a bullish outlook for the company, which could lead to a rise in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Fortive Corporation reported 6.1% YoY sales growth in Q1, beating the consensus estimate of $1.42 billion.
Fortive's better-than-expected Q1 sales growth indicates strong performance in its business segments, which could lead to increased investor confidence and a potential rise in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Marriott International is expected to benefit from a rebound in cross-border travel and its deal with Hiap Hoe Limited to launch the Aloft Hotels brand in Singapore.
The rebound in cross-border travel will likely boost Marriott's business, and the deal with Hiap Hoe Limited will expand its presence in Singapore, potentially increasing its revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100