Transocean, Elanco Animal And This Major Tech Stock: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Joshua Brown of Ritholtz Wealth Management named Alphabet Inc. as his final trade, ahead of the company's annual Pixel hardware event. Jim Lebenthal of Cerity Partners named Transocean Ltd., which recently received a binding Notification of Award for work offshore India. Stephanie Link of Hightower mentioned Elanco Animal Health Incorporated, which reported strong quarterly earnings and raised its 2023 financial guidance.
August 31, 2023 | 12:35 pm
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POSITIVE IMPACT
Elanco Animal Health reported strong quarterly earnings and raised its 2023 financial guidance, which could positively impact its stock.
Strong earnings reports and raised financial guidance are typically seen as positive indicators for a company's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet is expected to launch new Pixel products at its annual event, which could boost its stock.
Product launches, especially for major products like the Pixel, can often lead to increased investor interest and a potential boost in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Transocean received a binding Notification of Award for work offshore India, which could positively impact its stock.
Securing new contracts for offshore work can lead to increased revenues and profitability, which can positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80