American Express, KKR, UnitedHealth And A Major Automaker On CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades,' analysts shared their picks, highlighting UnitedHealth (UNH) with expected 2023 earnings, General Motors (GM) with a share repurchase program and dividend increase, American Express (AXP) benefiting from low interest rates, and KKR & Co. (KKR) acquiring full ownership of Global Atlantic. UnitedHealth shares fell, GM and American Express gained, and KKR jumped in Wednesday's session.
November 30, 2023 | 2:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
UnitedHealth's 2023 earnings are expected to be between $23.60 and $23.75 per share, with adjusted earnings between $24.85 and $25.00 per share. However, shares fell 1% to close at $534.98.
Positive earnings expectations could support the stock price in the short term, but the recent drop suggests market hesitation. The impact is neutral as the market may need time to digest the earnings forecast.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
American Express is expected to benefit from low interest rates, as noted by Karen Firestone. The company reported better-than-expected Q3 earnings, with shares gaining 1.1% to $167.43.
The favorable interest rate environment and recent positive earnings report provide a bullish outlook for AXP, which is reflected in the stock's recent gain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
General Motors reinstated its 2023 earnings guidance, announced a $10 billion share repurchase program, and a 33% dividend increase, leading to a 9.4% rise in shares to $31.60.
The reinstated guidance, share repurchase, and dividend increase are strong positive signals for investors, likely to boost confidence and support a continued rise in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
KKR & Co. is breaking out, according to Joseph Terranova, after agreeing to acquire the remaining 37% stake in Global Atlantic, increasing its ownership to 100%. KKR shares jumped 7.7% to $74.74.
The acquisition of Global Atlantic is a significant move for KKR, likely to create synergies and growth opportunities. The market's positive reaction is evident in the stock's jump, suggesting a bullish short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85