Expedia, American Tower, Enterprise Products Partners And A Semiconductor Stock On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades,' analysts recommended NXP Semiconductors (NXPI), Enterprise Products Partners (EPD), American Tower (AMT), and Expedia Group (EXPE). NXPI reported better-than-expected Q3 results and guidance, EPD had weaker Q3 earnings, AMT showed a 5.5% revenue growth YOY, and EXPE reported strong Q3 results with a new $5 billion share repurchase plan. All stocks saw positive price action, with NXPI up 3%, EPD up 0.1%, AMT up 0.9%, and EXPE up 6.3%.
November 16, 2023 | 2:38 pm
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POSITIVE IMPACT
American Tower reported a 5.5% YOY revenue growth for Q3, exceeding consensus estimates, and its stock price increased by 0.9%.
Exceeding revenue estimates is a positive sign that can lead to stock price appreciation in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Expedia Group reported strong Q3 financial results and announced a $5 billion share repurchase plan, with its stock jumping 6.3%.
Strong earnings combined with a significant share repurchase authorization are likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
NXP Semiconductors reported better-than-expected Q3 results and issued positive guidance, leading to a 3% increase in its stock price.
Positive earnings and guidance typically lead to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Enterprise Products Partners reported weaker-than-expected earnings for Q3, but the stock saw a marginal increase of 0.1%.
While the earnings miss is negative, the high yield may mitigate the impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70