Qualcomm Is Due To Report Earnings, McDonald's And More On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', several financial experts made their picks. Joshua Brown of Ritholtz Wealth Management picked iShares U.S. Oil & Gas Exploration & Production ETF (PSP), Liz Young of BNY Mellon Investment Management chose iShares 7-10 Year Treasury Bond ETF (IEF), Jim Lebenthal of Cerity Partners named Qualcomm Incorporated (QCOM), and Stephanie Link of Hightower picked McDonald's Corporation (MCD). Qualcomm is due to report quarterly earnings on Aug. 2, and McDonald's recently reported strong Q2 FY23 sales growth.
August 04, 2023 | 11:20 am
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NEUTRAL IMPACT
Qualcomm Incorporated (QCOM) is due to report quarterly earnings on Aug. 2. Analysts expect earnings at $1.81 per share on revenue of $8.51 billion.
The upcoming earnings report could cause volatility in QCOM's stock price. The direction will depend on whether the actual results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Liz Young of BNY Mellon Investment Management picked iShares 7-10 Year Treasury Bond ETF (IEF) as her final trade.
The recommendation by Liz Young could lead to increased interest in IEF, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
McDonald's Corporation (MCD) reported strong Q2 FY23 sales growth of 13.6% year-on-year to $6.50 billion, beating the analyst consensus. Adjusted EPS of $3.17 beat the consensus of $2.79.
The strong earnings report from McDonald's, which beat analyst expectations, could lead to a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Joshua Brown of Ritholtz Wealth Management picked iShares U.S. Oil & Gas Exploration & Production ETF (PSP) as his final trade.
The recommendation by Joshua Brown could lead to increased interest in PSP, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50