Qualcomm, Caterpillar, Starbucks And A Basic Materials Stock: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
CNBC's 'Final Trades' featured stock picks from various analysts. Jim Lebenthal recommended Qualcomm (QCOM), citing strong technicals and fundamentals. Bryn Talkington highlighted Freeport-McMoRan (FCX) for its support at $45 and new CEO. Jason Snipe chose Caterpillar (CAT), which recently raised its dividend and share repurchase program. Joshua Brown picked Starbucks (SBUX), which won a significant Supreme Court ruling. Stock price movements were mixed, with QCOM and SBUX gaining, while FCX and CAT saw declines.
June 14, 2024 | 12:43 pm
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POSITIVE IMPACT
Jason Snipe chose Caterpillar (CAT) as his final trade. The company raised its dividend by 8% and increased its share repurchase program by $20 billion.
The dividend increase and expanded share repurchase program are strong positive signals, likely boosting investor confidence and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75
POSITIVE IMPACT
Bryn Talkington highlighted Freeport-McMoRan (FCX) for its support at $45 and new CEO. The company aims to increase copper production to meet global demand.
The appointment of a new CEO and plans to increase copper production are positive developments, likely supporting the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Lebenthal recommended Qualcomm (QCOM) on CNBC's 'Final Trades,' citing strong technicals and fundamentals. TD Cowen analyst Matt Ramsay maintained a Buy rating and raised the price target from $200 to $235.
The recommendation from a reputable analyst and a raised price target from TD Cowen are strong bullish signals for Qualcomm, likely leading to short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Joshua Brown picked Starbucks (SBUX), which won a significant Supreme Court ruling related to the reinstatement of seven Memphis employees.
The Supreme Court ruling in favor of Starbucks is a positive legal development, likely to boost investor sentiment and the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 65