Shake Shack, Cardinal Health And More: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts recommended Invesco S&P 500 Equal Weight Energy ETF (RSPG), Cardinal Health (CAH), and Shake Shack (SHAK). Cardinal Health reported a strong Q2 FY24 with a 38% increase in adjusted EPS and raised its FY24 guidance. Shake Shack expects to open 80 new restaurants this year and reported better-than-expected Q4 financial results. RSPG gained 3%, CAH shares rose 1.3%, and SHAK shares surged 26%.
February 16, 2024 | 1:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cardinal Health (CAH) was recommended by Jason Snipe, reporting strong Q2 FY24 results and raising its FY24 guidance. Shares gained 1.3%.
The strong Q2 FY24 performance and raised guidance for FY24, coupled with a positive analyst recommendation, suggest a bullish short-term outlook for CAH.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Invesco S&P 500 Equal Weight Energy ETF (RSPG) was recommended by Bryn Talkington, gaining 3% on Thursday.
The positive recommendation by a financial analyst and the subsequent 3% gain indicate a bullish short-term outlook for RSPG.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Shake Shack (SHAK) was recommended by Josh Brown, expecting to open 80 new restaurants and reporting better-than-expected Q4 results. Shares jumped 26%.
The expectation to open 80 new restaurants and the better-than-expected Q4 financial results, along with a significant 26% share price increase, indicate a strong short-term bullish sentiment for SHAK.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90