CNBC downgrades Alphabet after a rough quarter
CNBC reported Oct 29 that its Investing Club Homestretch is downgrading Alphabet following a difficult quarter and offered guidance on where it would buy again.
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CNBC reported on Oct 29, 19:12 UTC the headline, "We’re downgrading Alphabet after its rough quarter. Here’s where we’d buy again." The item concerns Alphabet. CNBC’s summary said, "Every weekday, the Investing Club releases the Homestretch, an actionable afternoon update just in time for the last hour of trading."
Stocks market context
Prices as of Oct 29, 19:46 UTC (SPY ETF as of Oct 29, 19:45 UTC), source: Finnhub. The SPY ETF was $767.99 and fell 0.56% from the prior close; the QQQ ETF was $713.10 and fell 1.72% from the prior close. Alphabet was $282.69 and fell 12.99% from the prior close. Apple was $349.53 and rose 1.66% from the prior close; Amazon was $245.22 and fell 3.68% from the prior close.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $767.99 | -0.56% | vs prior close | Oct 29, 19:45 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $713.10 | -1.72% | vs prior close | Oct 29, 19:45 UTC | Finnhub |
| NVIDIA | $213.01 | -1.10% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| Apple | $349.53 | +1.66% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| Microsoft | $527.72 | -0.62% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| Amazon | $245.22 | -3.68% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| Alphabet | $282.69 | -12.99% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| Meta Platforms | $627.24 | +2.41% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| Tesla | $403.70 | -0.13% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
| JPMorgan Chase | $343.35 | +1.19% | vs prior close | Oct 29, 19:46 UTC | Finnhub |
Related coverage
Yahoo published "Is Alphabet a Stock to Avoid or a Once-in-a-Decade Buy on the Dip?" and also ran "Alphabet Raised $41 Billion in One Quarter to Pay for AI," both dated Oct 29 and addressing the company’s quarter and spending.
- We’re downgrading Alphabet after its rough quarter. Here’s where we’d buy again — CNBC, Oct 29, 19:12 UTC
- Is Alphabet a Stock to Avoid or a Once-in-a-Decade Buy on the Dip? — Yahoo, Oct 29, 15:25 UTC
- Alphabet Raised $41 Billion in One Quarter to Pay for AI — Yahoo, Oct 29, 15:33 UTC
- Google stock gets shredded after earnings—here's 2 reasons why investors hated the quarter — Yahoo, Oct 29, 08:58 UTC
- Alphabet Sinks 11% as AI Spending Pushes Cash Flow Negative Again; Microsoft and Meta Edge Higher, Amazon Slips — Yahoo, Oct 29, 13:07 UTC
What to watch
AMZN Q3 2026 earnings is scheduled Thu Oct 29 (after the close), INTC Q3 2026 earnings is scheduled Thu Oct 29 (after the close), and XOM Q3 2026 earnings is scheduled Fri Oct 30 (before the open), all listed by finnhub.
- Thu Oct 29 (after the close) — AMZN Q3 2026 earnings · EPS estimate 2.00
- Thu Oct 29 (after the close) — INTC Q3 2026 earnings · EPS estimate 0.40
- Thu Oct 29 (after the close) — INGM Q3 2026 earnings · EPS estimate 0.79
- Thu Oct 29 (after the close) — WKC Q3 2026 earnings · EPS estimate 0.97
- Thu Oct 29 (after the close) — SNDK Q1 2027 earnings · EPS estimate 47.15
- Fri Oct 30 (before the open) — XOM Q3 2026 earnings · EPS estimate 4.12
Sources and data
- CNBC (secondary source) — We’re downgrading Alphabet after its rough quarter. Here’s where we’d buy again
- Yahoo (secondary source) — Is Alphabet a Stock to Avoid or a Once-in-a-Decade Buy on the Dip?
- Finnhub (market data) — market data
Market data as of Oct 29, 19:46 UTC; report generated Oct 29, 19:51 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Guidance
A company's own forecast for future revenue, profit or other metrics.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Earnings per share (EPS)
A company's net profit attributable to ordinary shareholders divided by its average number of shares.
Sources & data
- CNBC (secondary, retrieved Oct 29, 2026, 07:52 PM UTC)
- Yahoo (secondary, retrieved Oct 29, 2026, 07:52 PM UTC)
- Finnhub (market-data, retrieved Oct 29, 2026, 07:52 PM UTC)
Market data as of Oct 29, 2026, 07:46 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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