Honeywell, Kinder Morgan, Truist Financial And A Tech Stock: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
CNBC's 'Halftime Report Final Trades' featured insights on Honeywell, Corning, Kinder Morgan, and Truist Financial. Honeywell is set to release its Q2 earnings, with expectations of higher EPS and revenue. Corning increased its Q2 sales guidance, while Kinder Morgan reported lower-than-expected revenue but maintained a high yield. Truist Financial beat earnings and revenue estimates.
July 24, 2024 | 1:11 pm
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POSITIVE IMPACT
Corning increased its Q2 core sales guidance to $3.6 billion, with core EPS expected to reach the high end of the guided range.
Upward revision of sales guidance and strong EPS expectations suggest positive momentum, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Honeywell is expected to report higher Q2 earnings and revenue. The company has also repurchased 10% of its float over the last five years.
Positive earnings expectations and significant stock buyback indicate strong financial health, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Truist Financial beat Q2 earnings and revenue estimates, reporting EPS of 91 cents and sales of $5.018 billion.
Beating both earnings and revenue estimates is a strong positive signal, likely leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Kinder Morgan reported Q2 FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion, but maintains a 5.3% yield.
Revenue miss is a negative indicator, though the high yield may provide some support. Overall, short-term price pressure is likely.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70