Bank of America, Costco, Target And More On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades,' analysts provided their recommendations on several stocks. Brian Belski of BMO Capital Markets highlighted Bank of America's (BAC) earnings and dividend yield. Costco (COST) was recommended by Jason Snipe, and Joseph Feldman maintained a $600 price target. Stephanie Link chose Target (TGT) after its strong quarterly results. Joseph Terranova selected SPDR Gold Shares (GLD) as gold prices rose. BAC shares fell, COST shares hit a new high, TGT shares slightly fell, and GLD shares gained.
November 28, 2023 | 2:04 pm
News sentiment analysis
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NEUTRAL IMPACT
Bank of America reported better-than-expected earnings and was praised for its dividend yield by BMO Capital Markets, despite a slight share price decline.
The positive analyst sentiment due to strong earnings and dividend yield could counteract the slight share price decline, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Target reported better-than-expected third-quarter results, but its shares fell slightly.
Despite the slight share price decline, the better-than-expected quarterly results could provide a neutral to positive short-term impact.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Costco reached a new 52-week high and received a reiteration of an Outperform rating with a $600 price target from Telsey Advisory Group.
The new 52-week high and the maintained Outperform rating with a high price target suggest a positive short-term impact on Costco's stock.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
SPDR Gold Shares (GLD) picked by Joseph Terranova as gold prices are on the rise, with gold futures gaining and GLD shares up by 0.7%.
The positive outlook from analysts and the rise in gold prices indicate a likely short-term positive impact on GLD's share price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85