Cheniere Energy, Taiwan Semiconductor And A Big Bank Stock On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed Cheniere Energy, JPMorgan Chase, and Taiwan Semiconductor. Cheniere Energy's Q2 revenue missed expectations but EPS exceeded them. JPMorgan Chase introduced an AI assistant for employees. Taiwan Semiconductor reported significant revenue growth for July 2024.
August 12, 2024 | 12:49 pm
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NEUTRAL IMPACT
Cheniere Energy reported Q2 2024 revenue of $3.251 billion, down 21% Y/Y and missing the consensus of $3.518 billion. However, EPS of $3.84 exceeded the consensus of $1.69.
While the revenue miss is a negative, the significant EPS beat provides a counterbalance, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JPMorgan Chase introduced an AI assistant to over 60,000 employees, with plans to expand its use company-wide. The stock gained 0.9% to close at $205.80.
The introduction of an AI assistant is a positive development, likely to enhance productivity and efficiency, leading to a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Taiwan Semiconductor reported July 2024 revenue of NT$256.95 billion ($7.9 billion), a 23.6% increase from June and a 44.7% surge from July 2023. The stock rose 1.6% to settle at $167.12.
The significant revenue growth reported by TSMC is a strong positive indicator, likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100