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CNBC Oct 29: Jim Lebenthal trims his Alphabet position

CNBC reported that Jim Lebenthal, chief market strategist at Cerity Partners, told its 'Halftime Report' on Oct 29 that he is trimming his Alphabet position.

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MarketAlleys Research Desk

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Illustration for: CNBC Oct 29: Jim Lebenthal trims his Alphabet position
Illustration (AI-generated) — not a photograph of the events described.

What happened

CNBC reported on Oct 29, 12:48 UTC that Jim Lebenthal, chief market strategist at Cerity Partners, joined CNBC's 'Halftime Report' to explain why he is trimming his Alphabet position here. The item concerns Lebenthal's personal position in Alphabet and was published by CNBC at the time above.

Stocks market context

As of Oct 29, 19:00 UTC the SPY ETF, which tracks the S&P 500, was $767.56; the QQQ ETF, which tracks the Nasdaq 100, was $712.98; Alphabet was $283.66; Apple was $350.16; Amazon was $245.31; NVIDIA was $212.61; Meta Platforms was $627.42; Microsoft was $528.51; and Tesla was $405.46. Their moves were, respectively: fell 0.61% from the prior close; fell 1.74% from the prior close; fell 12.69% from the prior close; rose 1.84% from the prior close; fell 3.65% from the prior close; fell 1.29% from the prior close; rose 2.44% from the prior close; fell 0.47% from the prior close; and rose 0.31% from the prior close (source: Finnhub).

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $767.56 -0.61% vs prior close Oct 29, 19:00 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $712.98 -1.74% vs prior close Oct 29, 19:00 UTC Finnhub
NVIDIA $212.61 -1.29% vs prior close Oct 29, 19:00 UTC Finnhub
Apple $350.16 +1.84% vs prior close Oct 29, 19:00 UTC Finnhub
Microsoft $528.51 -0.47% vs prior close Oct 29, 19:00 UTC Finnhub
Amazon $245.31 -3.65% vs prior close Oct 29, 19:00 UTC Finnhub
Alphabet $283.66 -12.69% vs prior close Oct 29, 19:00 UTC Finnhub
Meta Platforms $627.42 +2.44% vs prior close Oct 29, 19:00 UTC Finnhub
Tesla $405.46 +0.31% vs prior close Oct 29, 19:00 UTC Finnhub
JPMorgan Chase $342.93 +1.07% vs prior close Oct 29, 19:01 UTC Finnhub

SEC EDGAR posted Alphabet's Form 10-Q: quarterly report, attributed to SEC EDGAR. Yahoo ran a piece titled "Why Alphabet (GOOGL) shares are sliding today," attributed to Yahoo; rttnews.com published "Nasdaq Posting Steep Loss As Alphabet Plunges," attributed to rttnews.com.

What to watch

The AMZN Q3 2026 earnings report is scheduled Thu Oct 29 (after the close). The INTC Q3 2026 earnings report is scheduled Thu Oct 29 (after the close). The SNDK Q1 2027 earnings report is scheduled Thu Oct 29 (after the close).

  • 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) — Trade Tracker: Jim Lebenthal trims Alphabet
  • SEC EDGAR (primary source) — Alphabet files Form 10-Q: quarterly report
  • Yahoo (secondary source) — Why Alphabet (GOOGL) shares are sliding today
  • rttnews.com (secondary source) — Nasdaq Posting Steep Loss As Alphabet Plunges
  • Finnhub (market data) — market data

Market data as of Oct 29, 19:01 UTC; report generated Oct 29, 19:00 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

Sources & data

  1. CNBC (secondary, retrieved Oct 29, 2026, 07:03 PM UTC)
  2. SEC EDGAR (primary, retrieved Oct 29, 2026, 07:03 PM UTC)
  3. Yahoo (secondary, retrieved Oct 29, 2026, 07:03 PM UTC)
  4. rttnews.com (secondary, retrieved Oct 29, 2026, 07:03 PM UTC)
  5. Finnhub (market-data, retrieved Oct 29, 2026, 07:03 PM UTC)

Market data as of Oct 29, 2026, 07:01 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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