Amazon, Oracle, Transocean And A Major Telecom Company: CNBC's 'Final Trades'
Portfolio Pulse from Lisa Levin
On CNBC's 'Halftime Report Final Trades', analysts recommended Verizon Communications, Oracle Corporation, Transocean Ltd., and Amazon.com, Inc. Verizon's dividend yield was highlighted, Oracle's recent sell-off was deemed overstated, Transocean secured a $486 million contract, and Amazon's strong operating profit was noted. Amazon is also set to benefit from Shopify discontinuing its shipping services.
September 15, 2023 | 12:41 pm
News sentiment analysis
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POSITIVE IMPACT
Amazon.com, Inc.'s operating profit was strong this past quarter. The company is set to benefit from Shopify discontinuing its shipping services.
Amazon's strong operating profit indicates solid financial health. The discontinuation of Shopify's shipping services could provide Amazon with an opportunity to increase its market share, potentially boosting its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Oracle Corporation's recent sell-off was deemed overstated. The company expanded its partnership with Microsoft and was upgraded from Hold to Buy by DZ Bank with a $125 price target.
The recent sell-off in Oracle's stock may have been an overreaction, and the upgrade from DZ Bank could lead to a rebound in the stock price. The expanded partnership with Microsoft could also boost investor confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Transocean Ltd. secured a $486 million contract for Deepwater Aquila with a national oil company for work offshore Brazil.
The secured contract could significantly boost Transocean's revenues and profitability, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Verizon Communications trades at seven times earnings and has an 8% dividend yield. The company increased its quarterly dividend from 65 cents to 66 cents per share.
The high dividend yield and increase in quarterly dividend make Verizon an attractive investment. This could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80