Stryker, Wynn Resorts And A Chinese Tech Giant Expanding AI Capabilities: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Alibaba Group Holding Limited (BABA), Stryker Corporation (SYK), and Wynn Resorts, Limited (WYNN) were named as final trades. Alibaba showcased two large language models based on its pre-trained model framework. Stryker reported Q2 sales of $5 billion, beating the consensus of $4.83 billion. Wynn Resorts is scheduled to release earnings this week. Wynn Resorts shares fell 1.4%, Stryker shares rose 2.9%, and Alibaba shares fell 0.7% on Friday.
August 07, 2023 | 12:32 pm
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POSITIVE IMPACT
Stryker reported Q2 sales of $5 billion, beating the consensus of $4.83 billion. Its shares rose 2.9% on Friday.
Stryker's Q2 sales beat the consensus, indicating strong performance. This positive news, coupled with a 2.9% rise in its stock on Friday, suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Alibaba showcased two large language models based on its pre-trained model framework. Its shares fell 0.7% on Friday.
The showcasing of Alibaba's AI capabilities indicates the company's commitment to technological advancement. However, the stock fell 0.7% on Friday, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Wynn Resorts is scheduled to release earnings this week. Its shares fell 1.4% on Friday.
Wynn Resorts is set to release its earnings, which could influence its stock price. However, a 1.4% fall in its stock on Friday suggests a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70