Bristol-Myers Squibb, Toast And A Major REIT Stock: CNBC's 'Final Trades'
Portfolio Pulse from Priya Nigam
On CNBC's 'Halftime Report Final Trades', Bristol-Myers Squibb Company (BMY), NNN REIT, Inc. (NNN), and Toast, Inc. (TOST) were named. BMY announced $4 billion aggregate accelerated share repurchase agreements, despite a 6% Y/Y decline in Q2 revenues. NNN announced earnings last week and has a 5.6% dividend yield. TOST had several price-target hikes following its earnings release, despite mixed Q2 financial results.
August 11, 2023 | 1:07 pm
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NEUTRAL IMPACT
Bristol-Myers Squibb announced $4 billion aggregate accelerated share repurchase agreements, despite a 6% Y/Y decline in Q2 revenues.
The announcement of the accelerated share repurchase could be seen as a positive sign by investors, potentially driving up the stock price. However, the decline in Q2 revenues could offset this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NNN REIT announced earnings last week and has a 5.6% dividend yield.
The announcement of earnings and a high dividend yield could attract investors, potentially driving up the stock price. However, the overall market conditions and other factors could also influence the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Toast, Inc. had several price-target hikes following its earnings release, despite mixed Q2 financial results.
The price-target hikes could be seen as a positive sign by investors, potentially driving up the stock price. However, the mixed Q2 financial results could offset this positive impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100