Lockheed Martin, Crown Castle, And Layoff-Announcing Online Brokerage: CNBC's 'Final Trades
Portfolio Pulse from Lisa Levin
Richard Saperstein of HighTower Treasury Partners recommended Lockheed Martin Corporation (LMT) due to its 5.5% free cash flow yield. Jenny Harrington of Gilman Hill Asset Management recommended Crown Castle Inc. (CCI) due to its 5.5% yield and expected growth. Josh Brown of Ritholtz Wealth Management mentioned Robinhood Markets, Inc. (HOOD) due to its recent layoffs. CCI reported Q1 revenues of $1.77 billion, beating consensus. Robinhood is cutting about 7% of its full-time staff due to reduced customer engagement.
June 28, 2023 | 12:34 pm
News sentiment analysis
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POSITIVE IMPACT
Crown Castle has a 5.5% yield and reported Q1 revenues of $1.77 billion, beating consensus.
The recommendation by a financial analyst, the company's high yield, and strong Q1 earnings could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lockheed Martin has a 5.5% free cash flow yield and raised concerns over L3Harris Technologies’ acquisition of Aerojet Rocketdyne Holdings Inc.
The recommendation by a financial analyst and the company's high free cash flow yield could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Robinhood announced layoffs, cutting about 7% of its full-time staff due to reduced customer engagement.
The layoffs announcement could potentially drive the stock price down in the short term due to concerns over reduced customer engagement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80