AbbVie, Pioneer Natural Resources And This Manufacturer Are CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Bryn Talkington of Requisite Capital Management mentioned AbbVie Inc. (ABBV) which has a 4% yield and has underperformed this year at 10 times earnings. Bill Baruch of Blue Line Futures named Pioneer Natural Resources Company (PXD), which is due to report earnings this week. Jim Lebenthal of Cerity Partners mentioned Deere & Company (DE) as a 'great catch-up trade'.
July 31, 2023 | 12:59 pm
News sentiment analysis
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NEUTRAL IMPACT
AbbVie Inc. has a 4% yield and has underperformed this year at 10 times earnings. It reported Q2 adjusted EPS of $2.91, beating the consensus of $2.80.
Despite underperforming this year, AbbVie beat the Q2 EPS consensus which might attract investors. However, its overall performance this year might still deter some investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Pioneer Natural Resources Company is due to report earnings this week. Analysts expect the company to report quarterly earnings at $4.30 per share on revenue of $3.58 billion.
The upcoming earnings report could significantly impact the stock's performance. If the company meets or exceeds expectations, the stock price could increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Deere & Company is seen as a 'great catch-up trade'. DA Davidson analyst Michael Shlisky recently maintained Deere with a Buy and raised the price target from $492 to $510.
The positive sentiment from the analyst and the raised price target could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85