IBM, Uber, Cleveland-Cliffs And More On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts recommended IBM, RSP, CLF, and UBER. IBM acquired StreamSets and webMethods for €2.13 billion. RSP was picked by Bryn Talkington. CLF, previously interested in acquiring U.S. Steel, is refocusing on share buybacks. UBER reached a 52-week high and plans to enter Japan's taxi market with Tesla vehicles. IBM and RSP shares slightly gained, while CLF and UBER shares saw minor declines.
December 29, 2023 | 1:01 pm
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POSITIVE IMPACT
Cleveland-Cliffs is trading around $21, plans more aggressive share buybacks, and fell 0.5%.
Cleveland-Cliffs' shift towards aggressive share buybacks could be seen as a positive move by investors, potentially leading to a short-term increase in stock price despite the recent dip.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
IBM acquired StreamSets and webMethods for €2.13 billion, has a 17 times forward multiple and a 4% dividend yield, and shares gained 0.2%.
The acquisition of StreamSets and webMethods could enhance IBM's product offerings and market position, potentially leading to a positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Invesco S&P 500 Equal Weight ETF was picked by Bryn Talkington and gained 0.2% on Thursday.
The recommendation by a notable analyst could lead to increased investor interest in RSP, potentially causing a short-term positive impact on its price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Uber hit a 52-week high and plans to enter Japan's taxi market with Tesla vehicles, but shares slipped 0.2%.
Uber's expansion into Japan with Tesla vehicles could signal growth potential, which might positively influence the stock in the short term, despite the slight decline.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80