SLB, ConocoPhillips, Northrop Grumman And This Chinese E-Commerce Giant: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Final Trades', Bryn Talkington of Requisite Capital Management recommended ConocoPhillips (COP), which is set to report earnings on Aug. 3, 2023. Stephen Weiss of Short Hills Capital Partners recommended Alibaba Group Holding Limited (BABA), despite recent regulatory challenges in China. Jason Snipe of Odyssey Capital Advisors recommended Northrop Grumman Corporation (NOC), which recently reported a 9% YoY sales growth. Joseph Terranova of Virtus Investment Partners recommended Schlumberger Limited (SLB), which reported a 19.6% YoY revenue increase.
August 04, 2023 | 1:17 pm
News sentiment analysis
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NEGATIVE IMPACT
Alibaba Group Holding Limited faces regulatory challenges in China. The stock fell 5% to $95.07 on Wednesday.
The proposed draft rules by the Cyberspace Administration of China could negatively impact Alibaba's operations, leading to a drop in its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
ConocoPhillips is set to report earnings on Aug. 3, 2023. The stock lost 1.5% to settle at $115.59 on Wednesday.
The upcoming earnings report could influence the stock's performance. However, the recent loss indicates potential volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Northrop Grumman Corporation reported a 9% YoY sales growth. The stock fell 0.2% to close at $447.47 on Wednesday.
Despite the positive sales growth, geopolitical issues could be causing the slight drop in the stock's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Schlumberger Limited reported a 19.6% YoY revenue increase. The stock fell 0.2% to settle at $57.47 on Wednesday.
Despite the positive revenue report, the stock experienced a slight drop, indicating potential market volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100