Lockheed Martin, TE Connectivity And More: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
Lockheed Martin (LMT) reported strong Q2 2024 earnings, beating both EPS and revenue expectations. TE Connectivity (TEL) posted mixed Q3 results, with EPS beating but sales missing estimates. The Utilities Select Sector SPDR Fund (XLU) was also highlighted as a final trade on CNBC's 'Halftime Report Final Trades.'
July 25, 2024 | 12:48 pm
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NEUTRAL IMPACT
TE Connectivity posted mixed Q3 results, with adjusted EPS of $1.91 beating estimates of $1.86, but sales of $3.979 billion missing expectations of $4.013 billion. The company provided Q4 guidance.
TE Connectivity's mixed results may lead to a neutral short-term impact on its stock price. The EPS beat is positive, but the sales miss could offset gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
The Utilities Select Sector SPDR Fund was highlighted as a final trade on CNBC's 'Halftime Report Final Trades.' The fund gained 1.1% during Wednesday's session.
The mention of XLU on CNBC's 'Final Trades' may have a neutral short-term impact. The 1.1% gain reflects moderate investor interest.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Lockheed Martin reported strong Q2 2024 earnings, with EPS of $7.11 beating expectations of $6.46 and revenue of $18.122 billion surpassing the anticipated $17.044 billion. The company also raised its FY24 guidance.
Lockheed Martin's strong earnings beat and raised guidance are likely to positively impact its stock price in the short term. The 2.8% gain in share price reflects investor confidence.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100