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News

Oracle, Boeing And This Way To Play The Energy Sector Feature On CNBC's 'Final Trades'

Author: Priya Nigam | October 21, 2022 08:26am

On CNBC’s “Halftime Report Final Trades,” Shannon Saccocia of Boston Private said Oracle Corporation (NYSE:ORCL) is “expanding its business for small and medium size enterprises.” An important and growing aspect from the margins and earnings prospective is cloud, which accounts for about 30% of the company’s revenue, she stated.

Oracle has acquired Cerner Corp (NASDAQ:CERN) to extend its presence in health care, which is a long-term trend to watch, Saccocia added.

Check out other stocks making moves in the premarket.

Joshua Brown of Ritholtz Wealth Management chose iShares US Oil & Gas Exploration & Production ETF (BATS:IEO) as “everything is going well” in the energy sector. Brown mentioned that 40 of 50 stocks in the ETF are energy producers trading above their 50-day moving average. “The median PE ratio in the IEO is 9” and the “median price to free cash flow ratio is 7,” he added.

Jim Lebenthal of Cerity Partners named Boeing Co. (NYSE:BA) as his final trade. Shares of Boeing have risen by 15% over the last three weeks, he stated.

Posted In: BA CERN IEO ORCL