Alphabet, Meta Platforms And An Industrial Parts Provider: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Alphabet Inc., Meta Platforms, Inc., and W.W. Grainger, Inc. were named as final trades by Jim Lebenthal, Stephen Weiss, and Joseph Terranova respectively. Alphabet and Meta recently reported better-than-expected Q3 results, while Grainger reported better-than-expected earnings for Q3 and issued FY23 guidance.
October 31, 2023 | 12:35 pm
News sentiment analysis
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POSITIVE IMPACT
W.W. Grainger reported better-than-expected earnings for Q3 and issued FY23 guidance.
The positive Q3 results and the issuance of FY23 guidance could boost investor confidence and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Meta Platforms reported better-than-expected Q3 results and expects Q4 revenue to be between $36.5 billion and $40 billion.
The positive Q3 results and optimistic Q4 revenue forecast could boost investor confidence and potentially drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alphabet reported better-than-expected Q3 results but recorded downbeat performance for its cloud computing unit.
While Alphabet's overall Q3 results were positive, the underperformance of its cloud computing unit could potentially impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Alphabet reported better-than-expected Q3 results but recorded downbeat performance for its cloud computing unit.
While Alphabet's overall Q3 results were positive, the underperformance of its cloud computing unit could potentially impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100