Salesforce, Wynn Resorts, EPAM Systems And A Financial Stock On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed Salesforce, Wynn Resorts, Charles Schwab, and EPAM Systems. Salesforce reported strong earnings, Wynn Resorts missed estimates, Charles Schwab was rated 'Outperform,' and EPAM Systems announced an acquisition.
September 05, 2024 | 12:54 pm
News sentiment analysis
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NEUTRAL IMPACT
Wynn Resorts reported earnings and revenue that missed analyst estimates, but shares gained 1.6% on Wednesday.
Despite missing earnings and revenue estimates, Wynn Resorts' stock rose, indicating other factors may be influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Salesforce reported Q2 revenue of $9.33B, beating estimates, and adjusted earnings of $2.56 per share, also above expectations.
Salesforce's strong earnings report, with both revenue and earnings per share beating estimates, is likely to positively impact its stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
EPAM Systems announced the acquisition of NEORIS, and shares gained 2.6% on Wednesday.
The acquisition announcement and subsequent stock price increase suggest positive market reception, likely boosting short-term stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Charles Schwab trades at 17 times earnings and was maintained with an 'Outperform' rating and $80 price target by an analyst.
The 'Outperform' rating and price target suggest positive sentiment, which could support the stock price despite recent declines.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100