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This Delivery Giant Is A 'Comeback Story' Plus Nike, AbbVie And Oracle: CNBC's 'Final Trades'

Published 24/03/2023, 12:37
Updated 24/03/2023, 13:40
© Reuters This Delivery Giant Is A 'Comeback Story' Plus Nike, AbbVie And Oracle: CNBC's 'Final Trades'

© Reuters This Delivery Giant Is A 'Comeback Story' Plus Nike, AbbVie And Oracle: CNBC's 'Final Trades'

Benzinga - On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named AbbVie Inc. (NYSE: ABBV) as her final trade.

Joshua Brown of Ritholtz Wealth Management said Oracle Corporation (NYSE: ORCL) is pennies away from a 52-week high. "I think it will break out," he added.

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Stephanie Link of Hightower named NIKE, Inc. (NYSE: NKE) reported a great quarter and issued good guidance. "Inventories are making progress and I think gross margins will benefit as a result," she added.

Jason Snipe of Odyssey Capital Advisors said FedEx Corporation (NYSE: FDX) reported a really strong quarter and issued strong guidance. "I think it’s a comeback story here," he added.

FedEx reported quarterly earnings of $3.41 per share, which easily beat consensus estimates of $2.72 per share. The company also raised its full-year earnings outlook from a range of $13 to $14 per share to a range of $14.60 to $15.20 per share.

Price Action: FedEx shares fell 0.1% to close at $216.92, while NIKE rose 1.2% to $120.97 on Thursday. Oracle shares fell 0.1%, while AbbVie’s stock added 1.1% during the session.

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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