Starbucks, Cisco And This Major Aircraft Manufacturer: CNBC's 'Final Trades'
Portfolio Pulse from Priya Nigam
On CNBC's 'Halftime Report Final Trades', Starbucks Corporation (SBUX), Cisco Systems, Inc. (CSCO), and The Boeing Company (BA) were named as final trades. Starbucks was found in violation of federal labor law for selectively raising wages at non-unionized stores. Cisco Systems announced its acquisition of Splunk Inc (SPLK) for $28 billion. Boeing is reportedly increasing the production of its 737 aircraft due to a surge in orders.
October 04, 2023 | 1:14 pm
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NEGATIVE IMPACT
Starbucks was found in violation of federal labor law for selectively raising wages at non-unionized stores.
The violation of federal labor law could lead to penalties and damage Starbucks' reputation, potentially impacting its stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Boeing is reportedly increasing the production of its 737 aircraft due to a surge in orders.
The increase in 737 production indicates a rebound for Boeing, which could positively impact its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cisco Systems announced its acquisition of Splunk Inc for $28 billion.
The acquisition of Splunk could strengthen Cisco's product portfolio and potentially boost its stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90