Cisco, Burlington Stores, Broadcom And More On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades,' experts discussed their views on several stocks and an ETF. Shannon Saccocia of Boston Private expects a rotation back into the healthcare sector and named iShares U.S. Healthcare ETF (IYH). Rob Sechan of NewEdge Wealth highlighted Broadcom Inc. (AVGO) for its low valuation and high operating margin, noting its acquisition of VMware. Jim Lebenthal of Cerity Partners believes Cisco Systems, Inc. (CSCO) is poised for recovery despite a bad week and lowered projections for 2024. Joseph Terranova of Virtus Investment Partners chose Burlington Stores, Inc. (BURL), which reported a revenue miss in Q3. Broadcom shares fell, Cisco shares rose, Burlington gained, and the iShares U.S. Healthcare ETF also saw gains in Wednesday's session.
November 24, 2023 | 1:23 pm
News sentiment analysis
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NEUTRAL IMPACT
Rob Sechan views Broadcom Inc. (AVGO) as undervalued with a high operating margin, and the company has completed its acquisition of VMware.
While the acquisition of VMware is a positive development, the stock's recent price drop suggests market uncertainty. The low valuation and high operating margin could balance out to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Joseph Terranova picked Burlington Stores, Inc. (BURL) despite its Q3 revenue growth of 12% Y/Y missing consensus estimates.
Although BURL missed Q3 revenue estimates, the stock gained, indicating mixed signals. The expert's pick could suggest potential, but the revenue miss may temper short-term expectations.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Lebenthal believes Cisco Systems, Inc. (CSCO) is set to recover after a bad week and despite lowering its 2024 projections.
Positive recovery sentiment from an expert could lead to increased investor confidence, potentially resulting in a short-term price increase for CSCO.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Shannon Saccocia expects a rotation back into the healthcare sector, which could benefit iShares U.S. Healthcare ETF (IYH).
Positive sentiment from an industry expert about sector rotation can lead to increased investor interest in related ETFs like IYH, potentially driving up its price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80