General Motors, Hercules Capital, Toast And More: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts provided their final trades, with Hercules Capital downgraded by Compass Point, General Motors set to release earnings, Toast upgraded by Goldman Sachs, and JPMorgan Equity Premium Income ETF mentioned. Hercules Capital shares closed up, GM shares rose slightly, Toast shares saw significant gains, and JPMorgan Equity Premium Income ETF experienced a minor increase.
January 29, 2024 | 2:36 pm
News sentiment analysis
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POSITIVE IMPACT
Toast was upgraded from Neutral to Buy by Goldman Sachs with a $24 price target. Q3 revenue grew 37% YoY to $1.032 billion, beating estimates. Shares gained 5.1% to close at $17.45.
The upgrade by Goldman Sachs and the strong Q3 revenue growth are positive signals that could continue to drive investor interest and potentially increase the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Hercules Capital was downgraded from Buy to Neutral by Compass Point with a $17.5 price target. Shares closed up 1.3% at $17.56.
The downgrade by Compass Point could suggest a more cautious outlook on HTGC, but the recent share price increase indicates a mixed market reaction. The short-term impact may be neutral as the market digests the downgrade against the current share performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
JPMorgan Equity Premium Income ETF was mentioned by an analyst and saw a slight increase of 0.1% during Friday's session.
The mention of JEPI by an analyst and the minor price increase suggest a neutral short-term impact, as there is no significant news driving the ETF's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
General Motors is scheduled to report earnings with expected quarterly earnings of $1.16 per share, down from $2.12 per share year-over-year. Revenue is projected at $38.97 billion, down from $43.11 billion. Shares rose 0.1% to close at $35.18.
The expected decline in both earnings per share and revenue could negatively impact investor sentiment in the short term, leading to potential downward pressure on GM's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90