Uber Technologies, Health Care And Sector ETF Up 10% This Year: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Shannon Saccocia of Boston Private recommended Health Care Select Sector SPDR Fund (XLV), Liz Young of JP Morgan Private Bank picked Energy Select Sector SPDR Fund (XLE), and Josh Brown of Ritholtz Wealth Management favored Uber Technologies (UBER). Uber recently signed a multi-year global deal with PayPal, strengthening PayPal's role as a strategic partner. Uber shares fell 2.1% to settle at $47.92 on Tuesday.
September 13, 2023 | 12:44 pm
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POSITIVE IMPACT
Liz Young of JP Morgan Private Bank picked Energy Select Sector SPDR Fund (XLE), stating that supply constraints are supporting oil and gas prices. XLE is up over 10% in 2023.
The supply constraints in the oil and gas industry are likely to continue supporting the prices, which could positively impact the XLE ETF in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Uber Technologies signed a multi-year global deal with PayPal, strengthening PayPal's role as a strategic partner. Uber shares fell 2.1% to settle at $47.92 on Tuesday.
The partnership with PayPal could potentially boost Uber's revenues in the long term. However, the immediate impact on the stock price is neutral as the shares fell 2.1% on Tuesday.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Shannon Saccocia of Boston Private recommended Health Care Select Sector SPDR Fund (XLV) as her final trade.
The recommendation from Boston Private could potentially influence investors to buy XLV, but the immediate impact on the stock price is neutral as no specific reasons were given for the recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100