CORRECTED: American Express, Consumer Discretionary, Copart And More: CNBC's 'Final Trades'
Portfolio Pulse from Priya Nigam
On CNBC's 'Halftime Report Final Trades', analysts recommended various actions for different stocks. Shannon Saccocia recommended SPDR S&P Telecom ETF (XTL), Stephanie Link favored American Express (AXP), Joseph Terranova suggested buying Copart (CPRT), and Liz Young advised selling Consumer Discretionary Select Sector SPDR Fund (XLY).
September 21, 2023 | 12:48 pm
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POSITIVE IMPACT
Stephanie Link recommended American Express (AXP) due to its attractive valuation. The stock was also recently upgraded by RBC Capital.
The recommendation to buy is based on the stock's attractive valuation and a recent upgrade by RBC Capital, which could drive the stock's price up.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Joseph Terranova suggested buying Copart (CPRT) as the stock fell slightly after reporting upbeat quarterly earnings.
The recommendation to buy is based on the stock's slight fall after reporting upbeat earnings, which could present a buying opportunity.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Shannon Saccocia recommended SPDR S&P Telecom ETF (XTL) due to the strong performance of the telecommunication services sector.
The recommendation to buy is based on the strong performance of the telecommunication services sector, which could drive the ETF's price up.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Liz Young advised selling Consumer Discretionary Select Sector SPDR Fund (XLY) as she believes the consumer is getting weaker.
The recommendation to sell is based on the analyst's belief that the consumer is getting weaker, which could drive the ETF's price down.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80