3M, Clearway Energy And A Global Payments Company: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed Clearway Energy, American Express, and 3M. Clearway Energy has a 6.5% dividend yield and will report Q2 results on Aug. 1. American Express reported solid earnings but missed sales estimates, while 3M is undergoing a long-term turnaround with recent executive changes.
July 22, 2024 | 12:47 pm
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NEUTRAL IMPACT
American Express reported solid earnings with an adjusted EPS of $3.49 beating estimates, but missed on sales. The company raised its EPS outlook.
While the EPS beat and raised outlook are positive, the sales miss could neutralize the impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
3M is undergoing a long-term turnaround with recent executive changes, including the resignation of its President and CFO.
The executive changes are part of a long-term strategy, which may not have an immediate impact on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Clearway Energy has a 6.5% dividend yield and will report Q2 results on Aug. 1. The company posted a Q1 GAAP loss of 2 cents per share.
The high dividend yield and upcoming earnings report could attract investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80