Microsoft, Diamondback Energy, Broadcom, And An Oil Giant: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Bryn Talkington of Requisite Capital Management named Diamondback Energy as her final trade after it reported quarterly sales of $1.92 billion, beating the analyst consensus estimate of $1.91 billion. Stephen Weiss of Short Hills Capital Partners said Microsoft will be the 'number 1 beneficiary of AI' and mentioned its new deal submitted to U.K. regulators for the takeover of Activision Blizzard. Joseph Terranova of Virtus Investment Partners picked Broadcom, which expects its VMware acquisition to close at the end of October. Jim Lebenthal of Cerity Partners chose Exxon Mobil, which reported weaker-than-expected second-quarter earnings.
August 22, 2023 | 1:42 pm
News sentiment analysis
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POSITIVE IMPACT
Broadcom expects its VMware acquisition to close at the end of October.
The expected closure of Broadcom's acquisition of VMware could lead to increased investor confidence and a potential rise in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Diamondback Energy reported better-than-expected quarterly sales, which could boost investor confidence.
Better-than-expected sales figures are generally seen as a positive sign for a company's financial health and can lead to increased investor confidence and potentially a rise in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft is seen as the 'number 1 beneficiary of AI' and is pursuing a takeover of Activision Blizzard.
Microsoft's potential as a major beneficiary of AI and its ongoing efforts to acquire Activision Blizzard could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Exxon Mobil reported weaker-than-expected second-quarter earnings.
Weaker-than-expected earnings reports can negatively impact investor confidence and potentially lead to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80