Prologis, Samsara And More On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' experts highlighted Prologis, Inc. (PLD) for its 3.7% yield and recent financial performance, Energy Select Sector SPDR Fund (XLE) as a final trade pick, and Samsara Inc. (IOT) following a Buy rating from Loop Capital and strong financial results. Prologis reported a slight miss in rental revenue but maintained high occupancy. Samsara beat Q4 expectations and provided optimistic FY25 guidance. Both Prologis and Samsara shares saw increases, as did XLE.
May 03, 2024 | 2:55 pm
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POSITIVE IMPACT
Samsara received a Buy rating from Loop Capital and reported strong Q4 results, with shares rising 4.5%.
The Buy rating from Loop Capital and better-than-expected Q4 results, along with optimistic FY25 guidance, have likely contributed to Samsara's stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Prologis reported a slight miss in Q1 FY24 rental revenue but maintained a high occupancy rate. Shares rose 2.6%.
Despite missing revenue estimates, Prologis' high occupancy rates and the positive outlook on REITs suggest a strong foundation, likely contributing to the stock's positive performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Energy Select Sector SPDR Fund was named as a final trade pick by Liz Young of SoFi, gaining 0.6%.
The positive mention as a final trade pick and the subsequent gain indicate a favorable short-term outlook for XLE, likely driven by sector momentum.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70