Caterpillar, Carlyle Group And More: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
Caterpillar Inc. (NYSE:CAT) raised its dividend and increased its share repurchase program. iShares U.S. Real Estate ETF (NYSE:IYR) and The Carlyle Group Inc. (NASDAQ:CG) were also highlighted as final trades on CNBC's 'Halftime Report Final Trades'.
July 19, 2024 | 12:27 pm
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POSITIVE IMPACT
Caterpillar Inc. raised its dividend by 8% and increased its share repurchase program by $20 billion. Despite these positive actions, CAT shares fell 0.5% to $356.03.
The increase in dividend and share repurchase program are positive signals for investors, indicating strong financial health and shareholder returns. The slight drop in share price may be a short-term reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
The Carlyle Group was picked as a final trade on CNBC. UBS analyst maintained a Neutral rating and lowered the price target to $44. CG shares gained 2.2% to close at $46.46.
The Neutral rating and lowered price target from UBS may offset the positive sentiment from being a final trade pick, resulting in a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
iShares U.S. Real Estate ETF was named as a final trade on CNBC's 'Halftime Report'. The ETF slipped 0.8% during Thursday's session.
Being named as a final trade on CNBC can bring attention to the ETF, but the 0.8% slip indicates a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50