Live On CNBC, Calls Of The Day: UBER Named Top 2H Pick. REIT. Buy, PT Raised To $59 At Roth MKM; Shares Move Higher
Portfolio Pulse from Happy Mohamed
On CNBC, Uber was named as a top pick for the second half of the year. Additionally, a REIT's price target was raised to $59 at Roth MKM, causing its shares to move higher.
July 18, 2023 | 4:28 pm
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A REIT's price target was raised to $59 at Roth MKM, causing its shares to move higher.
When a respected financial institution like Roth MKM raises the price target of a stock, it often leads to an increase in the stock's price as investors adjust their expectations. In this case, the REIT's shares moved higher following the announcement, indicating that the market responded positively to the news.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Uber was named as a top pick for the second half of the year on CNBC, which could boost investor confidence and potentially drive the stock price up.
Being named as a top pick on a major financial news network like CNBC can significantly boost a company's visibility and investor confidence, potentially leading to an increase in stock price. This is particularly true if the recommendation is for the second half of the year, as it suggests that the company is expected to perform well in the near future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100