Alphabet, Ventas, ASML And A Pharmaceutical Giant On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
Alphabet, Ventas, ASML, and Pfizer were highlighted on CNBC's 'Final Trades.' Alphabet announced a $2 billion investment in Malaysia, Ventas reported strong Q1 results, ASML missed sales expectations, and Pfizer's stock is breaking above its 50-day moving average.
June 05, 2024 | 1:28 pm
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POSITIVE IMPACT
Alphabet announced a $2 billion investment to establish its first data center and Google Cloud region in Malaysia.
The significant investment in Malaysia is likely to boost Alphabet's cloud services and data infrastructure, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Pfizer's stock is breaking above its 50-day moving average for the first time in 18 months. The company released positive follow-up results from the Phase 3 CROWN trial.
Breaking above the 50-day moving average and positive trial results are likely to boost Pfizer's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Ventas reported better-than-expected Q1 FFO and sales results and reiterated its guidance. The stock has a 3.6% dividend yield.
Strong Q1 results and a solid dividend yield are likely to support Ventas' stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
ASML reported Q1 2024 net sales of €5.29 billion, down 21.6% YoY, missing consensus estimates. Net bookings also declined.
The significant decline in sales and net bookings is likely to negatively impact ASML's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100