Yesterday we had the results of this technology company, which I don't want to give much of an introduction or even rehash specific numbers. You can find it all here, in the stock description https://bulios.com/ticker/ORCL and also in the Flash News, the specific numbers and the footage of the results presentations. 😊 What I do like and am... Read more
I must admit that I was expecting a slight price correction during today's session. But it didn't come and it looks like it will continue to new highs. Very nice results. This is what it should look like. But now it's pretty stretched out like most of the market.
Here I've selected the highlights that await us in the week ahead.
🔍 Monday:Oracle 's results kick off the week $ORCL We'll find out how the tech giant fared.
📈 Tuesday:US inflation for February - Expected to rise by 0,4 % 4.4 percent growth 0,3 % in January. The year-on-year pace is expected to remain at 3,1 %. What changes might occur in the... Read more
US software company Oracle $ORCL released its 1Q 2024 earnings results. Reported revenue was almost in line with expectations, but investors were not happy with cloud revenue growth. The stock is weakening by more than 10% in the pre-market.
Earnings
Revenue of $12.45 billion represented an 8.8% year-over-year increase. Excluding currency changes, this would be an 8% increase on... Read more
I see the stock took a big hit. Double top and no breakout to the new one. Revenue is slightly below estimates. Investors here are probably more used to beating estimates.
AI! The most talked about topic in the investment world lately. We had a crazy tech rally during covid. When the pandemic ended, inflation and interest rates rose and the tech. mega rally was extinguished.
Now we have a new rally! ChatGPT has left investors feeling exuberant. And a new rally is in full swing as all sorts of future AI opportunities are priced in. That's why I've... Read more
I must admit that I was expecting a slight price correction during today's session. But it didn't come and it looks like it will continue to new highs. Very nice results. This is what it should look like. But now it's pretty stretched out like most of the market.