On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said he likes Oracle Corporation ORCL here.
On June 20, Oracle announced plans to invest more than $1 billion in AI and cloud computing in Spain. On June 11, the company reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share, missing average analyst estimates of $1.65 per share.
Shannon Saccocia of NB Private Wealth named The Health Care Select Sector SPDR Fund XLV as her final trade.
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Bill Baruch of Blue Line Capital named Cheniere Energy, Inc. LNG, saying, “Look for the stock to perform.”
On June 17, Cheniere Energy said its board approved a $4 billion increase to its repurchase program and plans to increase the third-quarter dividend by 15% to $2 per share.
Stephen Weiss of Short Hills Capital Partners named Leidos Holdings, Inc. LDOS as his final trade.
On June 13, Leidos received a $738 million follow-on contract for US Air Force. The company reported better-than-expected first-quarter results and updated FY24 guidance on April 30.
Price Action:
- Oracle shares fell 1% to close at $141.50 during Friday's session.
- The Health Care Select Sector SPDR Fund rose 0.3% during Friday's session.
- Cheniere Energy gained 0.6% to close at $164.92 during Friday's session.
- Leidos Holdings gained 0.4% to close at $146.57 on Friday.
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