Home Depot, Amazon, Applied Materials On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
Home Depot, Amazon, and Applied Materials were discussed on CNBC's 'Final Trades'. Home Depot reported mixed Q2 results with better-than-expected margins but missed sales estimates. Amazon is forming partnerships with TikTok and Pinterest for direct shopping. Applied Materials reported strong Q3 results, beating revenue and earnings estimates.
August 19, 2024 | 12:40 pm
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POSITIVE IMPACT
Applied Materials reported strong Q3 results, beating revenue and earnings estimates, but shares fell 1.9%.
Despite strong Q3 results, Applied Materials' share price fell, possibly due to broader market conditions. The earnings beat suggests a positive outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Amazon is partnering with TikTok and Pinterest to allow direct shopping from their apps, enhancing its digital commerce integration.
Amazon's partnerships with TikTok and Pinterest for direct shopping could enhance its digital commerce presence, likely leading to a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Home Depot reported mixed Q2 results with better-than-expected gross margins but missed sales estimates. Adjusted EPS beat expectations.
Home Depot's mixed results with strong margins but missed sales estimates suggest a neutral short-term impact. The EPS beat provides some positive sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80