American Express, Marathon Petroleum, Taiwan Semiconductor And More: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts shared their final trades, including U.S. 6 Month Treasury Bill, Taiwan Semiconductor (TSM), American Express (AXP), and Marathon Petroleum (MPC). TSM reported a revenue slump, while AXP and MPC received positive analyst ratings and price target adjustments from Goldman Sachs and Wells Fargo, respectively. TSM shares closed up 0.4%, AXP rose 1.3%, and MPC gained 2.3% in Monday's session.
December 19, 2023 | 1:42 pm
News sentiment analysis
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NEUTRAL IMPACT
Taiwan Semiconductor reported a 15.3% revenue drop in November, but shares still closed up 0.4%.
While TSM reported a significant revenue slump, the stock's positive price action suggests that investors may have already priced in this news or are focusing on other positive aspects of the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
American Express received a Buy rating from Goldman Sachs with a raised price target from $186 to $205, contributing to a 1.3% stock rise.
The upgrade and price target increase by Goldman Sachs is a strong positive signal for AXP, likely contributing to the stock's rise and potentially leading to further short-term gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Marathon Petroleum upgraded by Wells Fargo to Overweight with a $169 price target, stock up 33% YTD with a 2.3% gain in the last session.
The upgrade to Overweight and the new price target from Wells Fargo are likely to continue driving positive sentiment and further short-term appreciation in MPC's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80