Meta, Dell And A Major Tech Stock On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed IBM, Dell, and Meta. IBM reported strong earnings and is seen as a defensive growth stock. Dell, down 46% from its highs, was upgraded by Barclays. Meta reported better-than-expected Q2 results and issued strong Q3 guidance.
August 14, 2024 | 12:16 pm
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POSITIVE IMPACT
Dell is down 46% from its highs and is trading at 13 times earnings. Barclays upgraded Dell from Underweight to Equal-Weight with a price target of $97.
The upgrade from Barclays and the new price target are likely to boost investor confidence and positively impact Dell's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
IBM reported quarterly earnings of $2.43 per share, beating estimates, and quarterly sales of $15.8 billion, also above expectations. The stock is seen as a combination of defensive growth and margin expansion.
IBM's strong earnings and sales performance, along with its classification as a defensive growth stock, are likely to positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Meta reported better-than-expected Q2 results with revenue of $39.07 billion and adjusted earnings of $5.16 per share. The company issued strong Q3 guidance.
Meta's strong Q2 performance and optimistic Q3 guidance are likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100