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Alphabet Inc. is set to release its Q3 2024 earnings, with expectations of $86.23 billion in revenue and an EPS of $1.84. Historically, the company's share price has shown significant volatility post-earnings, with sharp declines following disappointing results and notable gains after strong performances. Investors should brace for potential fluctuations and assess medium-term trends for a clearer picture of the company's health.
US equity markets are set for their first losing week in seven, driven by profit-taking ahead of major tech earnings and rising national debt yields. The ASX 200 is also expected to close negatively, influenced by Wall Street losses. Key economic indicators, including the US GDP and job data, are due next week, alongside inflation reports from Australia and Europe.
Alphabet Inc. is set to release its Q3 2024 earnings on October 30, with expectations of an 18% increase in EPS to $1.84 and a 10% rise in revenue to $86.23 billion. Investors will focus on cloud growth, advertising performance amid competition, and advancements in AI integration, following concerns over rising R&D expenses. Despite recent stock underperformance, analysts maintain a positive outlook, with a one-year price target averaging $202, indicating a potential 22% increase from current levels.
PeopleOne Health, a Pittsburgh-based direct primary care provider, has secured $32.3 million in Series B funding led by Google Ventures. The company, which operates clinics in Pennsylvania and Florida, focuses on a membership model that eliminates traditional insurance costs, emphasizing preventive care and personalized services. With plans to expand its operations and open additional clinics, PeopleOne aims to transform healthcare delivery while reducing costs for employers and patients alike.
Tesla's share price remains volatile around earnings announcements, influenced by price cuts, profit margin concerns, and product developments like the Cybertruck. Alphabet is set to report earnings, aiming for revenue growth despite historical underperformance, while Bitcoin's recent price surge is driven by speculation and the upcoming US election, testing key resistance levels.
NextEra Energy's CEO, John Ketchum, announced strong interest from data center customers in restarting the Duane Arnold nuclear plant in Iowa, which ceased operations in 2020. The company is conducting engineering assessments and collaborating with the Nuclear Regulatory Commission to evaluate a potential recommissioning, emphasizing the plant's simpler design and long-term asset value. As electricity demand surges, particularly from tech giants, nuclear power is gaining traction for its reliable, carbon-free energy supply.
Asia stocks are mostly rising following a Wall Street rally, with investors optimistic about lower interest rates as the U.S. Federal Reserve begins its easing cycle. The S&P 500 is up 24% year-to-date, while the "Magnificent Seven" tech stocks have seen significant gains. As the U.S. election approaches, Bank of America notes that political outcomes could impact specific market sectors, emphasizing the importance of stock selection over index investing. Meanwhile, crude oil prices have risen amid geopolitical tensions, despite a bearish supply-and-demand outlook. The IMF has lowered its global inflation projection, indicating a shift in focus for policymakers towards economic growth challenges.
Jim Cramer noted that recent gains in Big Tech stocks were driven by shifts in the bond market rather than the companies' fundamentals, as rising bond yields prompted investors to move away from cyclical stocks. Despite a downturn in the Dow and S&P 500, the Nasdaq Composite saw a slight increase, with stocks like Amazon, Meta, Alphabet, and Microsoft benefiting. Cramer reassured investors that the current market fluctuations are temporary and that solid companies can rebound even after disappointing earnings reports.
Nvidia Corp. is set to announce its investment plans for Thailand during CEO Jensen Huang's visit to Bangkok in December, as the country emerges as a key location for AI data centers and component manufacturing in Southeast Asia. Thailand's Commerce Minister, Pichai Naripthaphan, confirmed the upcoming investment but did not disclose specific details or the amount.
The computer vision in healthcare market is projected to grow significantly, increasing from $1.51 billion in 2023 to $2.21 billion in 2024, with a CAGR of 47.1%. By 2028, it is expected to reach $10.63 billion, driven by advancements in predictive analytics and the rising prevalence of chronic diseases. Key players include NVIDIA, IBM, and Alphabet, with Europe currently leading the market while North America is anticipated to be the fastest-growing region.
Alphabet Inc.
Companies
| Symbol | GOOG |
| Name | Alphabet Inc. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Telecommunication Services |
| Industry | Diversified Telecommunication Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Mountain View |
| Zipcode | 94043 |
| Website | http://www.abc.xyz |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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