IBM, Utilities And This Treasury ETF: CNBC's 'Final Trades'
Portfolio Pulse from Priya Nigam
On CNBC's 'Halftime Report Final Trades', Liz Young of BNY Mellon Investment Management recommended Utilities Select Sector SPDR Fund (XLU), Stephanie Link of Hightower favored IBM, and Josh Brown of Ritholtz Wealth Management picked iShares 1-3 Year Treasury Bond ETF (SHY). IBM recently reported Q2 earnings of $2.18 per share, beating the $2.01 estimate, but missed revenue estimates. IBM shares were down 0.3% to $142.68 at the time of publication.
September 27, 2023 | 1:58 pm
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POSITIVE IMPACT
Josh Brown of Ritholtz Wealth Management picked iShares 1-3 Year Treasury Bond ETF (SHY) on CNBC's 'Final Trades'.
The endorsement of SHY by a well-known wealth manager could lead to increased investor attention and potential short-term upward movement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Liz Young of BNY Mellon Investment Management recommended Utilities Select Sector SPDR Fund (XLU) on CNBC's 'Final Trades'.
The recommendation of XLU by a prominent investment manager could lead to increased interest and potential upward movement in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
IBM's Q2 earnings beat estimates but missed on revenue. Its shares were down 0.3% to $142.68 at the time of publication.
IBM's mixed Q2 results, with earnings beating estimates but revenues missing, could lead to short-term uncertainty and potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100