Chevron, Chubb, Toast And More On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' experts highlighted their top picks including iShares S&P GSCI Commodity-Indexed Trust (GSG), Chubb Limited (CB), Chevron Corporation (CVX), and Toast, Inc. (TOST). Chubb received a price target increase from Evercore ISI Group, while Chevron was upgraded by Scotiabank. Toast is anticipated to report improved quarterly results. The stocks showed varied price actions with Toast experiencing a significant surge.
April 12, 2024 | 12:45 pm
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POSITIVE IMPACT
Toast, Inc. is expected to report improved quarterly results, leading to a 6.9% surge in its stock price.
The significant surge in Toast's stock price ahead of its earnings report suggests investor optimism about its financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Chubb Limited was favored by an expert and received a price target increase from Evercore ISI Group, but shares fell 1.4%.
Despite positive analyst sentiment and a price target increase, CB's stock fell, which could be a short-term reaction to market volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Chevron Corporation was recommended as a geopolitical hedge and upgraded by Scotiabank, but shares slightly declined by 0.5%.
Chevron's slight decline despite the upgrade and positive recommendation could reflect broader market trends or temporary investor caution.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
iShares S&P GSCI Commodity-Indexed Trust was recommended on CNBC's 'Final Trades' but fell 0.5% on Thursday.
Despite the recommendation on CNBC, GSG experienced a slight decline, possibly due to broader market conditions or sector-specific factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70