Comerica, Paramount Global And A Popular Video Conferencing Platform: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' Joshua Brown selected Zoom Video Communications (ZM) as his final trade, despite its upcoming removal from the Nasdaq index. Rob Sechan chose Comerica Incorporated (CMA) after Wells Fargo's price target increase. Jim Lebenthal picked Paramount Global (PARA), which is considering a streaming partnership with Apple Inc. (AAPL). ZM shares rose 1.3%, CMA gained 8.5%, and PARA increased by 6.6% in the last session.
December 15, 2023 | 1:49 pm
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POSITIVE IMPACT
Apple Inc. is reportedly exploring a streaming partnership with Paramount Global. While not the focus of the article, such a deal could reinforce Apple's services growth narrative.
Apple's potential partnership with Paramount Global could enhance its streaming services offering, which is a key growth area for the company. However, the impact may be more muted compared to Paramount due to Apple's larger size and diversified business model.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 50
POSITIVE IMPACT
Comerica Incorporated's price target was raised from $45 to $52 by Wells Fargo, and shares gained 8.5%. This endorsement could lead to continued short-term bullish sentiment.
A price target increase by a major analyst typically signals confidence in the company's prospects, which can drive investor sentiment and share prices upward in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Paramount Global is in talks with Apple Inc. about a potential streaming partnership, and shares rose 6.6%. The collaboration could boost investor confidence in the short term.
The news of a potential partnership with a tech giant like Apple can be seen as a positive development, potentially increasing the company's market reach and competitiveness.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Zoom Video Communications is set to be removed from the Nasdaq index, but shares rose 1.3% recently. The removal could lead to short-term volatility.
Being removed from an index often results in short-term selling pressure as index funds adjust, but the recent share price increase suggests a mixed short-term outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70