Oracle, Leidos, Cheniere Energy And More: CNBC's 'Final Trades'
Portfolio Pulse from Avi Kapoor
On CNBC's 'Halftime Report Final Trades,' analysts discussed their top stock picks. Oracle Corporation (NYSE:ORCL) plans to invest over $1 billion in AI and cloud computing in Spain but missed Q4 revenue and earnings estimates. The Health Care Select Sector SPDR Fund (NYSE:XLV) was recommended by Shannon Saccocia. Cheniere Energy, Inc. (NYSE:LNG) announced a $4 billion increase in its repurchase program and a 15% dividend hike. Leidos Holdings, Inc. (NYSE:LDOS) received a $738 million contract and reported strong Q1 results.
June 24, 2024 | 12:59 pm
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NEUTRAL IMPACT
Oracle plans to invest over $1 billion in AI and cloud computing in Spain but missed Q4 revenue and earnings estimates.
The $1 billion investment in AI and cloud computing is a positive long-term move, but missing Q4 revenue and earnings estimates may weigh on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Leidos Holdings received a $738 million contract and reported strong Q1 results.
The new contract and strong Q1 results are positive indicators for the company's performance, likely leading to a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Cheniere Energy announced a $4 billion increase in its repurchase program and a 15% dividend hike.
The significant increase in the repurchase program and dividend hike are strong positive signals for investors, likely boosting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Health Care Select Sector SPDR Fund was recommended by Shannon Saccocia.
The recommendation by a notable analyst could drive short-term interest and buying activity in the fund.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80