In the recent episode of the “Half-time report Final operations,” financial experts shared their top stock picks for investors. Jim Lebenthal of Cerity Partners highlighted Oracle Corporation as a strong choice, citing the potential $10 billion cloud services contract with Elon Musk’s xAI project. Stephanie Link of Hightower recommended Bank of America Corporation, emphasizing the positive impact of JPMorgan’s raised net interest income projections on the stock. Joshua Brown of Ritholtz Wealth Management pointed out Moderna, Inc. hitting a new 52-week high, following a victory in a patent dispute related to their Covid-19 vaccine.
Oracle’s discussions with Elon Musk and potential cloud services contract are significant factors driving investor interest in the stock. Bank of America’s better-than-expected earnings for the first quarter, with adjusted net income of $7.2 billion and adjusted EPS of 83 cents, have bolstered confidence in the company’s performance. Moderna’s legal victory at the European Patent Office against Pfizer and BioNTech SE has strengthened their position in the Covid-19 vaccine market.
Bryn Talkington of Requisite Capital Management selected Palantir Technologies Inc. as another top pick, highlighting the company’s strong financial performance in the first quarter. Palantir reported a 21% year-over-year increase in revenue, surpassing analyst estimates.
In terms of price action, Bank of America saw a 2.1% increase in shares, closing at $39.65, while Moderna gained 1.9% to settle at $143.69. Palantir Technologies, on the other hand, experienced a decline of 1.8% to close at $21.24. Oracle Corporation’s shares rose slightly by 0.1% to close at $124.63.
Overall, these top stock picks reflect the current market trends and investor sentiment towards companies in the technology and healthcare sectors. The financial experts’ recommendations are based on a combination of fundamental analysis and market dynamics, aiming to provide investors with opportunities for potential growth and returns.
As investors navigate the dynamic landscape of the stock market, it is essential to stay informed about the latest developments and insights from industry experts. By monitoring key indicators and staying updated on market trends, investors can make informed decisions to optimize their portfolios and achieve their financial goals.
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https://www.benzinga.com/trading-ideas/long-ideas/24/05/38963373/oracle-moderna-palantir-technologies-and-a-big-bank-on-cnbcs-final-trades
