Qualcomm, Taiwan Semiconductor, Diamondback Energy And More On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts recommended several stocks and ETFs. Bryn Talkington recommended Pacer US Small Cap Cash Cows 100 ETF (CALF) for its high free cash flow yield. Jim Lebenthal chose QUALCOMM Inc. (QCOM) amidst the formation of the Coalition for Open Digital Ecosystems (CODE) by tech companies including Qualcomm. Stephen Weiss selected Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) as his final trade, noting the upcoming retirement of its Chairman, Mark Liu. Joseph Terranova favored Diamondback Energy, Inc. (FANG), citing strong momentum in the energy sector, while Raymond James analyst John Freeman maintained a Strong Buy on FANG with a reduced price target. Stock prices for QCOM, TSM, and FANG saw gains in Tuesday's session.
December 27, 2023 | 2:08 pm
News sentiment analysis
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NEUTRAL IMPACT
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) was Stephen Weiss's final trade, with the upcoming retirement of Chairman Mark Liu as a notable event.
While the retirement of a chairman is significant, it is a longer-term event and may not have an immediate impact on the stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Pacer US Small Cap Cash Cows 100 ETF (CALF) was recommended by Bryn Talkington due to its high free cash flow yield of 12.8%.
The recommendation by a financial expert on a major network is likely to generate investor interest, especially highlighting the ETF's strong cash flow yield.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Diamondback Energy, Inc. (FANG) was chosen by Joseph Terranova due to strong energy sector momentum, and analyst John Freeman maintained a Strong Buy with a lowered price target.
The strong momentum in the energy sector and a Strong Buy rating from an analyst, even with a lowered price target, could lead to positive short-term price movement.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
QUALCOMM Inc. (QCOM) was picked by Jim Lebenthal and is part of the newly formed Coalition for Open Digital Ecosystems (CODE), which may influence investor perception.
Being part of a coalition like CODE can be seen as a strategic move for Qualcomm, possibly leading to positive investor sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80