Intuit, Amgen And Sprott Uranium Miners ETF: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
CNBC's 'Final Trades' featured Intuit, Amgen, and Sprott Uranium Miners ETF. Intuit reported strong Q4 results but missed guidance, Amgen missed EPS estimates but beat sales, and Sprott Uranium Miners ETF was recommended. Intuit and Sprott ETF saw declines, while Amgen gained.
August 29, 2024 | 12:48 pm
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POSITIVE IMPACT
Amgen reported Q2 earnings that missed EPS estimates but beat sales expectations, resulting in a 0.8% stock price increase.
Despite missing EPS estimates, Amgen's better-than-expected sales led to a positive market reaction, resulting in a stock price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
iShares India 50 ETF was mentioned as a final trade pick, with a slight 0.2% decline in stock price.
The iShares India 50 ETF was highlighted as a growth opportunity due to Apple's shift from China to India, but the immediate market reaction was neutral.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Intuit reported strong Q4 results but missed guidance, leading to a 1.5% decline in stock price. The company also announced a $3 billion repurchase authorization.
Intuit's strong Q4 results were overshadowed by missed guidance, causing a negative market reaction. The new repurchase authorization is a positive long-term signal but did not prevent the short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Sprott Uranium Miners ETF was recommended on CNBC's 'Final Trades' but saw a 3.5% decline in stock price.
Despite being recommended, the Sprott Uranium Miners ETF experienced a significant decline, possibly due to broader market conditions or sector-specific issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70