Lennar, Synopsys And More On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades,' Bill Baruch recommended Synopsys (SNPS), which is set to report Q4 results on Nov. 29. Shannon Saccocia chose iShares National Muni Bond ETF (MUB), and Joshua Brown selected Lennar Corporation (LEN), which recently reported strong Q3 earnings. Synopsys and Lennar shares both saw a 0.3% increase, while MUB rose 0.1% on Friday.
November 20, 2023 | 2:14 pm
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POSITIVE IMPACT
Lennar Corporation reported Q3 earnings of $3.91 per share, surpassing estimates of $3.51, with sales of $8.73 billion. Shares rose 0.3% on Friday.
Lennar's better-than-expected Q3 results could lead to continued investor confidence and a potential short-term uptick in the stock price, as reflected by the recent increase.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Synopsys is anticipated to report Q4 results after the closing bell on Nov. 29, 2023. The stock rose 0.3% on Friday.
Anticipation of the Q4 earnings report for Synopsys may lead to increased investor interest and potential stock volatility. The recent positive price action suggests a cautiously optimistic outlook from investors.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Shannon Saccocia selected iShares National Muni Bond ETF (MUB), which saw a slight increase of 0.1% on Friday.
The slight increase in MUB's price indicates a stable but muted response from the market, suggesting a neutral short-term impact on the ETF's price.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 50