Apollo Global, SLB, Blackstone And A China Tech Heavyweight On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed Alibaba Group (BABA), Blackstone (BX), Apollo Global Management (APO), and Schlumberger (SLB). Alibaba appointed a new acting CEO for Daraz Group amid a management reshuffle. Blackstone is set to release quarterly earnings with analysts expecting a slight decrease in EPS compared to the previous year. Apollo received a price target increase from Morgan Stanley, and Schlumberger reported a revenue increase in Q4 fiscal 2023, beating consensus estimates. All mentioned stocks saw gains in their recent trading sessions.
January 25, 2024 | 1:37 pm
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POSITIVE IMPACT
Apollo Global Management's price target was raised by Morgan Stanley, and the stock is breaking out with a 2.9% gain.
The price target increase by a reputable analyst and the stock's breakout performance suggest a positive short-term outlook for Apollo Global Management.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Alibaba Group appointed a new acting CEO for Daraz Group, signaling a management reshuffle. The stock gained 1.6% recently.
The appointment of a new acting CEO for a key subsidiary could be seen as a positive move, potentially signaling a strategic refresh that may benefit the company. The recent gain in stock price suggests a positive market reaction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Schlumberger reported a strong quarter with a 14% year-over-year revenue increase, beating estimates. Shares rose 2.5%.
The significant revenue increase and surpassing of consensus estimates are strong indicators of performance, likely contributing to the positive movement in Schlumberger's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Blackstone is expected to report a decrease in quarterly EPS year-over-year but an increase in revenue. The stock rose 1.4% ahead of earnings.
While the expected decrease in EPS could be a negative signal, the anticipated increase in revenue and the recent stock price rise indicate a mixed outlook. The market may be pricing in the positive aspects ahead of the earnings release.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80