Humana, Comerica, Cleveland-Cliffs, And More: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades,' experts shared their final trades, including iShares U.S. Healthcare ETF (IYH), Comerica Incorporated (CMA), Cleveland-Cliffs Inc. (CLF), and Humana Inc. (HUM). Goldman Sachs analyst Ryan Nash maintained a Neutral rating on Comerica and raised the price target from $45 to $50. Cleveland-Cliffs announced price increases for steel products last month. Humana closed higher on Friday amid reports of a potential merger with Cigna Group. Comerica, iShares U.S. Healthcare ETF, Cleveland-Cliffs, and Humana all saw share price increases on Friday.
December 04, 2023 | 1:53 pm
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POSITIVE IMPACT
Cleveland-Cliffs Inc. was named as a final trade by Jim Lebenthal after announcing price increases for steel products, with shares gaining 6.4% on Friday.
The announcement of price increases for steel products and the endorsement by a financial expert suggest a positive outlook, which could lead to a short-term rise in the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Comerica Incorporated was picked by Rob Sechan and received a price target increase from $45 to $50 by Goldman Sachs analyst Ryan Nash, closing up 6.6% on Friday.
The price target increase by Goldman Sachs and the selection by a wealth advisor could drive investor optimism, likely resulting in a short-term positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Humana Inc. was picked by Stephen Weiss and is reportedly in merger talks with Cigna Group, closing up 2.1% on Friday.
The potential merger with Cigna Group could create a significant player in the health insurance industry, which is likely to be viewed positively by investors, potentially leading to a short-term increase in Humana's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
iShares U.S. Healthcare ETF was picked as a final trade by Shannon Saccocia and saw a 0.5% increase in share price on Friday.
The recommendation by a financial expert on a major network is likely to generate interest among investors, potentially leading to a short-term positive impact on the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70