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Alphabet Falls, Estee Lauder Tumbles, Hershey Rises on Positive 2026 Forecast
Published 1 month, 1 week ago
Description
On this episode of Stock Movers:
- Alphabet (GOOGL) falls after the Google parent forecast full year 2026 capital expenditures of up to $185 billion, far exceeding consensus estimates. Analysts said the jump in spending may concern some investors, while others said it underscored the company’s confidence with AI.
- Estée Lauder Cos. (EL) tumbles after its outlook boost failed to reassure some investors about the pace of the cosmetics conglomerate’s turnaround.
- Hershey Co. (HSY) rises after offering a better-than-expected 2026 outlook as higher prices and new products bolster the candymaker’s performance.
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