Hess, Pioneer Natural Resources And A Chinese E-Commerce Giant On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Joseph Terranova of Virtus Investment Partners picked Hess Corporation (HES) amid rising energy prices. Raymond James analyst John Freeman maintained Hess with an Outperform and lowered the price target from $172 to $166. Jenny Harrington of Gilman Hill Asset Management recommended Pioneer Natural Resources Company (PXD), which is trading about 10 times its earnings and offers a high single-digit yield. Stephen Weiss of Short Hills Capital Partners named Alibaba Group Holding Limited (BABA) as his final trade. Alibaba shares traded higher after China pledged to optimize the business environment for private enterprises.
July 25, 2023 | 1:25 pm
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POSITIVE IMPACT
Alibaba Group Holding Limited was named as a final trade. The company's shares traded higher after China pledged to optimize the business environment for private enterprises.
The recommendation of Alibaba Group Holding Limited and the positive news about China's pledge to optimize the business environment for private enterprises could potentially attract investors, leading to a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Pioneer Natural Resources Company was recommended as it is trading about 10 times its earnings and offers a high single-digit yield.
The recommendation of Pioneer Natural Resources Company due to its attractive earnings multiple and high yield could potentially attract investors, leading to a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Hess Corporation was picked amid rising energy prices and has an Outperform rating from Raymond James analyst John Freeman, though the price target was lowered from $172 to $166.
The recommendation of Hess Corporation amid rising energy prices and the maintenance of an Outperform rating by a Raymond James analyst could potentially attract investors. However, the lowering of the price target might have a neutralizing effect.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100