Oracle, Moderna, Palantir Technologies And A Big Bank On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Oracle Corporation ORCL as his final trade.

The Information reported that Oracle is on the verge of finalizing a $10 billion cloud-service contract with Elon Musk‘s AI startup, xAI.

The discussions between the companies are ongoing.

Stephanie Link of Hightower named Bank of America Corporation BAC. JPMorgan raised its net interest income for the second quarter on Monday. With Bank of America getting 50% of its overall revenue from NII, it bodes well for the stock at 1.2 times book, she added.

Bank of America reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents.

Joshua Brown of Ritholtz Wealth Management said Moderna, Inc. MRNA hit a new 52-week high.

Moderna reportedly achieved a significant victory at the European Patent Office (EPO) in its ongoing legal battle with Pfizer and BioNTech SE over the Covid-19 vaccine.

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Bryn Talkington of Requisite Capital Management picked Palantir Technologies Inc. PLTR as her final trade.

On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million.

Price Action:

• Bank of America shares rose 2.1% to close at $39.65 on Tuesday.
• Moderna gained 1.9% to settle at $143.69 during Tuesday's session.
• Palantir Technologies shares fell 1.8% to close at $21.24 during Tuesday's session.
• Oracle shares rose 0.1% to close at $124.63 on Tuesday.

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