Oracle, Zoom Video, Booz Allen Hamilton And A Data Storage Company On CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed their positions on Zoom Video (ZM), Oracle (ORCL), Western Digital (WDC), and Booz Allen Hamilton (BAH). Zoom Video was downgraded by Wells Fargo and will be removed from the Nasdaq 100 index. Oracle reported mixed Q2 results but is expected to move higher. Western Digital received a price target increase from Mizuho. Booz Allen Hamilton is preparing for a Q3 earnings call. All stocks mentioned had positive price action on Thursday.
December 22, 2023 | 1:39 pm
News sentiment analysis
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NEGATIVE IMPACT
Zoom Video was downgraded by Wells Fargo from Equal-Weight to Underweight with a $70 price target and will be removed from the Nasdaq 100 index, despite a 2.9% gain in its stock price on Thursday.
The downgrade by Wells Fargo and removal from the Nasdaq 100 index are negative signals for investor confidence and could lead to a short-term decline in stock price, despite the recent gain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Booz Allen Hamilton is set to discuss Q3 financial results on Jan. 26, 2024, and its stock rose 0.8% on Thursday.
The upcoming earnings call could be a positive catalyst for the stock, and the recent price increase reflects a cautiously optimistic investor sentiment.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Oracle's stock is expected to move higher according to Jim Lebenthal of Cerity Partners, despite mixed Q2 financial results. The stock moved up 1.6% on Thursday.
The positive outlook from the analyst and the recent price increase suggest a potential short-term uptrend, even though the Q2 results were mixed.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Western Digital received a price target increase from Mizuho and saw a 6% surge in its stock price. Analyst Bill Baruch of Blue Line Futures named it as his final trade.
The raised price target by Mizuho and the significant stock price surge indicate strong market confidence, suggesting a positive short-term outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85