Meta, Delta And A Global Shipping Stock On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
Meta Platforms is expected to report strong earnings growth, while Delta Air Lines is involved in a lawsuit against CrowdStrike. Star Bulk Carriers faces a downgrade from Stifel. All three companies saw share price increases recently.
October 30, 2024 | 12:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Star Bulk Carriers, with an 11% yield, was downgraded by Stifel from Buy to Hold, and its price target was lowered from $30 to $21. The stock still gained 1.8% recently.
The downgrade and reduced price target from Stifel suggest potential negative pressure on the stock, despite the recent price gain.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Delta Air Lines has filed a lawsuit against CrowdStrike following a global outage that caused flight cancellations. Despite this, Delta's stock gained 3.5% recently.
The lawsuit against CrowdStrike could have legal implications, but the recent stock price increase suggests the market is not overly concerned in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms is expected to report a 20% increase in earnings, with Wall Street anticipating $5.25 EPS on $40.29 billion revenue. The company has consistently exceeded expectations in the past seven quarters.
Meta's consistent track record of exceeding earnings expectations and the anticipated 20% growth in earnings suggest a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90