Adobe, Phillips 66 An ETF Up 10% YTD And More : CNBC's 'Final Trades'
Portfolio Pulse from Priya Nigam
On CNBC's 'Halftime Report Final Trades', Josh Brown of Ritholtz Wealth Management recommended iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Shannon Saccocia of Boston Private recommended Consumer Staples Select Sector SPDR Fund (XLP), Bill Baruch praised Adobe Inc. (ADBE) for its better-than-expected Q3 earnings, and Joseph Terranova of Virtus Investment Partners highlighted Phillips 66 (PSX) for its low earnings multiple and better-than-expected Q2 results.
September 26, 2023 | 12:20 pm
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POSITIVE IMPACT
Adobe Inc. (ADBE) reported better-than-expected Q3 earnings, beating estimates by 2.76%. The company has a consensus Neutral rating.
The better-than-expected earnings could potentially drive short-term buying pressure for ADBE, despite the Neutral consensus rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Josh Brown of Ritholtz Wealth Management recommended iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
The recommendation by a well-known wealth manager could potentially drive short-term interest and buying pressure for IEO.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 75
POSITIVE IMPACT
Phillips 66 (PSX) reported better-than-expected Q2 results and trades at a low earnings multiple. The stock gained 1.4% to close at $120.26.
The better-than-expected earnings and low earnings multiple could potentially drive short-term buying pressure for PSX.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Shannon Saccocia of Boston Private recommended Consumer Staples Select Sector SPDR Fund (XLP).
The recommendation by a well-known financial professional could potentially drive short-term interest and buying pressure for XLP.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 75