Home Depot, Live Nation Entertainment, Diamondback Energy, And A Tech Giant Taking On Musk's Twitter: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', several stocks were recommended. Josh Brown of Ritholtz Wealth Management recommended Live Nation Entertainment (LYV), citing an uptrend and a recent price target increase by Citigroup. Kevin Simpson named Home Depot (HD) as his final trade, despite the company's recent settlement of a lawsuit for underpaying workers. Bryn Talkington of Requisite Capital Management recommended Diamondback Energy (FANG) as energy stocks traded higher. Jim Lebenthal of Cerity Partners picked Transocean Ltd. (RIG) following an upgrade by Citigroup. Stephen Weiss of Short Hills Capital Partners named Meta Platforms (META) as his final trade, following the launch of Threads, a platform similar to Twitter.
July 10, 2023 | 12:24 pm
News sentiment analysis
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NEGATIVE IMPACT
Meta Platforms launched Threads, a platform similar to Twitter, but its shares fell slightly.
Despite the launch of Threads, Meta Platforms' shares fell, indicating a negative sentiment that could continue to drive the stock's price down in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Home Depot is settling a lawsuit for underpaying workers, but analysts maintain an Outperform rating.
While the lawsuit settlement could negatively impact the company's finances, the Outperform rating by analysts suggests that the stock's performance may not be significantly affected in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Diamondback Energy is recommended for purchase as energy stocks trade higher.
The rise in energy stocks and the recommendation for purchase suggest a positive outlook for Diamondback Energy, which could drive its price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Live Nation Entertainment is on an uptrend and Citigroup recently raised its price target.
The uptrend and raised price target by Citigroup indicate positive sentiment towards the stock, which could drive its price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Transocean Ltd. was upgraded by Citigroup and announced that $172 million in options have been exercised.
The upgrade by Citigroup and the exercise of options indicate positive sentiment towards the stock, which could drive its price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80