On CNBC's "Halftime Report Final Trades," Jim Lebenthal of Cerity Partners named Oracle Corporation (NYSE:ORCL) as his final trade.
The Information reported that Oracle is on the verge of finalizing a $10 billion cloud-service contract with Elon Musk's AI startup, xAI.
The discussions between the companies are ongoing.
Stephanie Link of Hightower named Bank of America Corporation (NYSE:BAC). JPMorgan raised its net interest income for the second quarter on Monday. With Bank of America getting 50% of its overall revenue from NII, it bodes well for the stock at 1.2 times book, she added.
Bank of America reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents.
Joshua Brown of Ritholtz Wealth Management said Moderna, Inc. (NASDAQ:MRNA) hit a new 52-week high.
Moderna reportedly achieved a significant victory at the European Patent Office (EPO) in its ongoing legal battle with Pfizer and BioNTech SE over the Covid-19 vaccine.
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Bryn Talkington of Requisite Capital Management picked Palantir Technologies Inc. (NYSE:PLTR) as her final trade.
On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million.
Price Action:
- Bank of America shares rose 2.1% to close at $39.65 on Tuesday.
- Moderna gained 1.9% to settle at $143.69 during Tuesday's session.
- Palantir Technologies shares fell 1.8% to close at $21.24 during Tuesday's session.
- Oracle shares rose 0.1% to close at $124.63 on Tuesday.
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