Oracle, J. M. Smucker And A Tech ETF Up 43% This Year: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', Oracle Corporation (ORCL) was named as a final trade by Jim Lebenthal of Cerity Partners, following its upbeat Q1 earnings. Anastasia Amoroso of J.P. Morgan Private Bank picked iShares Expanded Tech-Software Sector ETF (IGV). Stephanie Link of Hightower named The J. M. Smucker Company (SJM) as her pick, following its plans to acquire Hostess Brands (TWNK) for $5.6 billion.
September 12, 2023 | 12:46 pm
News sentiment analysis
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NEGATIVE IMPACT
The J. M. Smucker Company announced plans to acquire Hostess Brands for $5.6 billion. Its shares fell 7% to settle at $131.66.
The announcement of the acquisition led to a drop in Smucker's share price. This could indicate investor uncertainty about the deal, potentially leading to further short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Oracle reported upbeat Q1 earnings but sales fell short of expectations. It has a consensus Buy rating.
Oracle's mixed Q1 results could lead to some uncertainty in the short term. However, the consensus Buy rating indicates positive sentiment among analysts.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares Expanded Tech-Software Sector ETF was picked by Anastasia Amoroso of J.P. Morgan Private Bank.
The recommendation by a J.P. Morgan analyst could lead to increased interest in the ETF, potentially driving its price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Hostess Brands is to be acquired by The J. M. Smucker Company for $5.6 billion.
The acquisition by J. M. Smucker could lead to a short-term increase in Hostess Brands' share price, as the deal implies a premium to its current market value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90