Oracle, Leidos, Cheniere Energy And More: CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said he likes Oracle Corporation ORCL here.

On June 20, Oracle announced plans to invest more than $1 billion in AI and cloud computing in Spain. On June 11, the company reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro. Oracle reported fourth-quarter adjusted earnings of $1.63 per share, missing average analyst estimates of $1.65 per share.

Shannon Saccocia of NB Private Wealth named The Health Care Select Sector SPDR Fund XLV as her final trade.

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Bill Baruch of Blue Line Capital named Cheniere Energy, Inc. LNG, saying, “Look for the stock to perform.”

On June 17, Cheniere Energy said its board approved a $4 billion increase to its repurchase program and plans to increase the third-quarter dividend by 15% to $2 per share.

Stephen Weiss of Short Hills Capital Partners named Leidos Holdings, Inc. LDOS as his final trade.

On June 13, Leidos received a $738 million follow-on contract for US Air Force. The company reported better-than-expected first-quarter results and updated FY24 guidance on April 30.

Price Action:

  • Oracle shares fell 1% to close at $141.50 during Friday's session.
  • The Health Care Select Sector SPDR Fund rose 0.3% during Friday's session.
  • Cheniere Energy gained 0.6% to close at $164.92 during Friday's session.
  • Leidos Holdings gained 0.4% to close at $146.57 on Friday.

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Posted In: NewsMarketsMediaTrading IdeasBill BaruchCNBCHalftime Report Final TradesJason SnipeShannon SaccociaStephen Weiss
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