Berkshire Hathaway, Valero Energy And A Major US Bank: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Jim Lebenthal of Cerity Partners recommended Berkshire Hathaway, which posted a Q2 profit of $35.9 billion. Jason Snipe of Odyssey Capital Advisors recommended Morgan Stanley, which recently reported better-than-expected Q2 results. Joseph Terranova of Virtus Investment Partners recommended Valero Energy, which reported Q2 2023 revenues of $34.5 billion, beating consensus estimates.
August 08, 2023 | 12:29 pm
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POSITIVE IMPACT
Berkshire Hathaway reported a Q2 profit of $35.9 billion, a significant turnaround from a year-ago loss.
The strong Q2 profit reported by Berkshire Hathaway indicates a positive financial performance, which could potentially boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley recently reported better-than-expected Q2 results, with a consensus Buy rating on its stock.
Morgan Stanley's better-than-expected Q2 results and the consensus Buy rating on its stock could potentially attract more investors, driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Valero Energy reported Q2 2023 revenues of $34.5 billion, beating consensus estimates.
Valero Energy's Q2 2023 revenues exceeded consensus estimates, which could potentially boost investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100