Uber Technologies, Microsoft And More On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', several financial experts shared their stock picks. Shannon Saccocia of Boston Private recommended iShares US Consumer Staples ETF (IYK), predicting margin recapture in the sector next year as inflation decreases. Josh Brown of Ritholtz Wealth Management picked Uber Technologies (UBER), which is set to report its Q3 financial results on Nov. 7, 2023. Kevin Simpson of Capital Wealth favored Microsoft (MSFT), which has risen 6% since its last earnings report and has an Overweight rating from KeyBanc with a $400 price target. Stephen Weiss of Short Hills Capital Partners is staying short on iShares U.S. Home Construction ETF (ITB).
October 23, 2023 | 12:37 pm
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POSITIVE IMPACT
Shannon Saccocia of Boston Private recommended iShares US Consumer Staples ETF (IYK), predicting margin recapture in the sector next year as inflation decreases.
The recommendation is based on the expectation of margin recapture in the consumer staples sector as inflation decreases. This could potentially lead to increased profitability for companies in the sector, positively impacting the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Kevin Simpson of Capital Wealth favored Microsoft (MSFT), which has risen 6% since its last earnings report and has an Overweight rating from KeyBanc with a $400 price target.
The recommendation is based on the stock's recent performance and the Overweight rating from KeyBanc. The $400 price target suggests further upside potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Josh Brown of Ritholtz Wealth Management picked Uber Technologies (UBER), which is set to report its Q3 financial results on Nov. 7, 2023.
The recommendation is based on the upcoming Q3 financial results. The impact on the stock price will depend on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Stephen Weiss of Short Hills Capital Partners is staying short on iShares U.S. Home Construction ETF (ITB).
The recommendation to stay short on ITB suggests a bearish outlook on the U.S. home construction sector. This could negatively impact the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75