AstraZeneca, Corning, and Others Featured in CNBC's 'Final Trades'
Final Trades on CNBC: Jim Lebenthal highlighted AstraZeneca PLC as his final trade, following the positive results from the Phase 3 trial of baxdrostat, which showed significant reductions in blood pressure.
Other Notable Picks: Stephen Weiss chose iShares Bitcoin Trust ETF, citing a recovery in Bitcoin prices, while Liz Young Thomas selected Invesco S&P 500 High Dividend Low Volatility ETF, and Joe Terranova picked Corning Incorporated, which received an upgrade from UBS.
Stock Performance: AstraZeneca shares rose 2.4% to $82.11, iShares Bitcoin Trust ETF increased by 1.3%, Invesco S&P 500 High Dividend Low Volatility ETF saw a slight rise of 0.2%, and Corning shares gained 1.3% to $69.34.
Market Insights: The article also mentions Wall Street analysts providing insights on financial stocks with high dividend yields, indicating ongoing interest in investment opportunities.
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- Record-Breaking IPO: SpaceX closed at $161 per share, a 19% increase from its fixed offering price of $135, achieving a market value exceeding $2.1 trillion and becoming the sixth-largest public company in the U.S., indicating strong market appetite for its massive IPO.
- Positive Market Reaction: Ahead of SpaceX's debut, Jim Cramer's optimistic comments alleviated market fears about demand, resulting in a 0.5% rise in the S&P 500 and a 0.3% increase in the Nasdaq, reflecting renewed investor confidence in tech stocks.
- Continued AI Investment Growth: Corning's multi-billion dollar optical fiber supply deal with Amazon boosts its optical communications division, highlighting the increasing demand for fiber optics in data centers and solidifying the company's position in the rapidly evolving AI market.
- Inflation Data Impact: Despite the consumer price index rising 4.2% year-over-year in May, the highest in three years, Jim Cramer attributed this mainly to rising oil prices due to the Iran conflict, with the market largely expecting the Federal Reserve to maintain interest rates in the upcoming meeting, indicating cautious optimism about future economic policies.
- Earnings Beat: Oracle's fiscal Q1 2026 results exceeded expectations, with revenue and net income growth; however, shareholders are concerned about the company's plan to raise funds for AI development, putting pressure on the stock price.
- Surge in Contracted Revenues: The company's remaining performance obligation (RPO) soared 363% year-over-year to $638 billion, primarily driven by large-scale AI contracts, indicating strong future demand potential.
- Accelerated Compute Delivery: Oracle delivered over 1.2 gigawatts of compute capacity in fiscal 2026, with Q1 FY 2027 delivery approaching 1 gigawatt, reflecting a rapidly growing demand for AI infrastructure and solidifying Oracle's market position.
- Capital Raising Plans: Oracle plans to raise approximately $40 billion in debt and equity in FY 2027, including a previously announced $20 billion at-the-market equity issuance, which may negatively impact shareholder confidence.
- Market Movements: Stock futures are up but have retreated after President Trump's threats against Iran caused oil prices to rise, indicating market sensitivity to geopolitical risks that could affect investor sentiment.
- SpaceX IPO Update: Orders for SpaceX's IPO are in, with underwriters like Goldman Sachs determining allocations; strong demand could push the stock's valuation to $5 trillion, reflecting investor optimism in the space industry.
- Oracle Earnings Impact: Oracle's stock fell post-earnings despite a decent quarter, as the company plans to raise another $20 billion for data center construction, which may lead to shareholder dilution and increased debt, causing cautious reactions from investors.
- Intel Rating Upgrade: Bank of America upgraded Intel from sell to buy, citing increased confidence in its third-party foundry business, emphasizing that execution is key, which suggests a positive outlook on the chipmaker's future profitability.
- Positive Outlook on EQT: Transocean executives express strong enthusiasm for EQT, particularly highlighting the potential of natural gas in the Devon narrative, indicating confidence in the energy market and expectations for future growth.
- Executive Changes at Primoris Services: The resignation of a beloved executive has negatively impacted Primoris Services' stock, and the conflicting signals between insider buying and the executive's departure create uncertainty regarding the company's future decisions.
- Market Advice from Applied Optoelectronics: Executives at Applied Optoelectronics recommend investors consider Corning, suggesting a strategic shift in technology choices that could affect their competitive position in the market.
- BlackBerry's Technological Appeal: BlackBerry is viewed as having attractive technology, although executives indicate a cautious approach to purchasing, which may influence investor confidence and market timing strategies.
- Surging Fiber Demand: Corning's stock has soared by 230% over the past year, primarily driven by the high demand for its fiber-optic cables, which accelerate processing speeds in AI workloads, highlighting the company's strategic significance in the AI era.
- Major Partnership Agreement: Amazon announced a multiyear deal with Corning, estimated at around $6 billion, joining Meta and Nvidia, which will fuel explosive growth in Corning's revenue and earnings, further solidifying its market position.
- New Product Launch: Corning's newly launched Multicore Fiber (MCF) increases fiber density fourfold, allowing data center operators to achieve the same performance with 75% fewer cables, potentially triggering significant changes in the AI era.
- Profitability Enhancement: Corning's optical communications segment generated $1.8 billion in revenue during Q1 2026, a 36% year-over-year increase, with net income reaching $387 million, up 93%, demonstrating the company's pricing power and profit potential in a high-demand environment.
- Surging Demand: Corning's optical fiber solutions have seen soaring demand, leading to a 230% increase in its stock price over the past 12 months, reflecting strong market needs for accelerating AI workloads in data centers.
- Major Supply Agreement: Corning signed a multi-billion dollar optical fiber supply deal with Amazon, joining Meta and Nvidia on its customer list, which is expected to fuel explosive growth in the company's revenue and earnings.
- Product Innovation: The launch of Corning's Multicore Fiber (MCF) increases fiber density fourfold, allowing data center operators to achieve the same performance with 75% fewer cables, potentially changing the game in the AI era.
- Financial Performance: Corning's optical communications segment generated $1.8 billion in revenue during Q1 2026, a 36% year-over-year increase, with net income reaching $387 million, up 93%, demonstrating strong profitability and pricing power in the market.









