Delta Air, Franco-Nevada, Home Depot And A Big Tech Stock: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts provided their insights on several stocks. Josh Brown expects Alphabet Inc. (GOOG, GOOGL) to reach $150, supported by BMO Capital's Outperform rating and $170 price target. Sarat Sethi highlighted Delta Air Lines (DAL) for its pricing and routes, with Q4 earnings expected to be $1.16 per share on $13.52 billion revenue. Amy Raskin chose Franco-Nevada Corporation (FNV), noting its Q3 EPS and sales increase. Stephanie Link selected Home Depot (HD), which launched new smart home devices at CES 2024. Alphabet and Delta shares rose, while Franco-Nevada and Home Depot fell in Tuesday's session.
January 10, 2024 | 1:24 pm
News sentiment analysis
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NEGATIVE IMPACT
Franco-Nevada Corporation reported an increase in EPS and sales for Q3, but shares fell 2.2% in the last session.
Despite the reported increase in EPS and sales for Q3, the recent drop in Franco-Nevada's share price could indicate market concerns or profit-taking, potentially leading to a short-term negative impact.
CONFIDENCE 60
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Delta Air Lines has been praised for its pricing and routes, with Q4 earnings expected to be lower than last year but with higher revenue.
While Delta Air Lines is expected to post lower earnings per share compared to last year, the anticipated increase in revenue and positive comments on its pricing and routes could maintain investor interest, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Home Depot announced the launch of new smart home devices at CES 2024, but shares fell by 0.5% during Tuesday's session.
Home Depot's entry into the smart home market could be positive in the long term, but the slight drop in shares indicates a neutral short-term impact as the market digests the news.
CONFIDENCE 65
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Alphabet Inc. is expected to rise to $150, with BMO Capital initiating coverage with an Outperform rating and a $170 price target.
The positive outlook from Josh Brown and the Outperform rating with a high price target from BMO Capital suggest a bullish sentiment, which could lead to a short-term increase in Alphabet's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90