Amazon, Coupang And A Utility Stock On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed Amazon, NextEra Energy, and Coupang. Amazon received an Overweight rating from Morgan Stanley despite a price target cut. NextEra Energy is expected to benefit from lower interest rates but posted downbeat Q2 results. Coupang reported a surprise profit for Q2.
August 08, 2024 | 1:21 pm
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POSITIVE IMPACT
Coupang reported a surprise profit for Q2, beating the analyst consensus estimate.
The surprise profit is a strong positive signal and is likely to boost investor confidence in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Amazon received an Overweight rating from Morgan Stanley, but the price target was cut from $240 to $210.
The Overweight rating is positive, but the price target cut may neutralize the impact. Investors may see mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NextEra Energy is expected to benefit from lower interest rates, but posted downbeat Q2 results, missing both earnings and sales estimates.
While the potential benefit from lower interest rates is positive, the recent earnings miss may offset this in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100