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Unhappy Anniversary: A Year After Pandemic Collapse, Market Looks Ahead To Q1 Earnings
Tuesday, March 23, 2021 - 10:04am | 2384A year ago today marked the very bottom of the Covid selloff as the S&P 500 Index (SPX) plunged below 2200. That was down more than 35% from the all-time high just a month earlier, and things looked gloomy, to say the least. If anyone then had told you then that in a year we...
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Oracle Earnings Later Today Could Give A Status Check On Business Software, Cloud Demand
Wednesday, March 10, 2021 - 10:44am | 2471After yesterday’s dramatic “turnaround Tuesday,” the pendulum seems to be slowing a bit this morning. Plenty of potential catalysts jump into the pool today, so we’ll see what they bring. For now, there’s just not much direction. The week moves ahead with today...
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Momentum Halt: Overnight Rally Fizzles After 10-Year Yield Climbs Back Above 1.6%
Monday, March 8, 2021 - 11:00am | 2742Friday’s momentum melted away like snow in the March sun. Then it appeared to come back, at least for parts of Wall Street. The Nasdaq (COMP) isn’t one of them. Things didn’t start out all over the place like they are now. Major indices initially rose in sync during the...
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Have Consumer Spending Habits Shifted Forever? Walmart CEO Thinks So
Friday, February 12, 2021 - 2:58pm | 1697Remember the old days, when Walmart Inc’s (NYSE: WMT) earnings were mostly about apparel and food sales and how the world’s largest retailer was juggling its tens of thousands of stores to help consumers “Save Money. Live Better.”? When WMT opens its books on Feb. 18,...
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Earnings Get Busy Later This Week As Broadcom, Adobe, Oracle Put Tech In Focus
Wednesday, December 9, 2020 - 10:54am | 2346A year ago, who would have thought the market would notch new all-time highs almost daily based on the prospect of something as elementary as vaccinations? But here we are, steadily setting fresh records mainly due to investor enthusiasm that normal times could be around the corner. That...
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Strong Results From Oracle: Could It Help Tech Sector?
Friday, September 11, 2020 - 10:06am | 1534As the saying goes: If at first you don’t succeed, try, try again. It seems like the market is taking that to heart as early indications point to another start in the green. The question is whether the second attempt at continuing a tech-related bounce will hold after yesterday’s gains...
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Deutsche Bank Raises PT on Oracle To $30
Monday, April 25, 2011 - 5:56am | 27Deutsche Bank has raised the price target on Oracle Corporation (NASDAQ: ORCL) from $26 to $30 and maintains its Hold rating.
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Morgan Stanley Reports Upside On Oracle
Friday, March 25, 2011 - 9:15am | 126According to Morgan Stanley, Oracle (NASDAQ: ORCL) apps lead Q3 and pull a long train of products. Morgan Stanley reported that, with 29% organic constant currency (cc) growth in the app biz against tough comps, it has seen the strongest evidence yet that it is at the beginning of a major...
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JP Morgan Raises PT On Oracle Corporation To $40
Friday, March 25, 2011 - 7:50am | 27JP Morgan has raised the price target on Oracle Corporation (NASDAQ: ORCL) from $38 to $40 and maintains its Overweight rating.
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Citi Updates On ORCL
Friday, March 25, 2011 - 7:24am | 75Citi updates on Oracle Corporation's (NASDAQ: ORCL) EPS. According to Citi, " EPS of $0.54 was positively impacted $0.03 by tax – $0.54 should really be looked at as $0.51, which compared to our $0.50 and street $0.50. Hardware impressively improved to 55% (versus our 53% estimate) and operating...
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Renaud Laplanche: Best Investments, Career Highlights And More
Tuesday, January 4, 2011 - 3:09pm | 369When Renaud Laplanche co-founded Lending Club with Soul Htite, he became responsible for overseeing the strategic direction and operation of the firm. While far from an easy task, this is not the first time that Laplanche has launched and led a successful enterprise. Before Lending Club, he was the...
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Goldman Sachs Reiterates CL-Buy On Oracle; Raises PT To $36
Friday, December 17, 2010 - 10:52am | 105Goldman Sachs is reiterating its CL-Buy on Oracle Corporation (NASDAQ: ORCL) shares following another beat and raise quarter. “Oracle executed on double digit constant currency growth across all geographies, despite lingering concerns in Europe, suggesting continued share gains,” Goldman Sachs...
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Jefferies Maintains ORCL Rating; Raises PT To $37
Friday, December 17, 2010 - 10:41am | 115Jefferies maintains its Buy rating on Oracle Corporation (NASDAQ: ORCL) and raises its PT from $35 to $37. “ORCL beat us and Street ests across all major metrics. License growth (+21% Y/Y v our 15% Y/Y), Support revs (+12% Y/Y v our +9%), HW GM (53% v our 50%) were stand-outs. NG EPS beat by $0.05...
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Oppenheimer Raises ORCL Rating To Outperform, Introduces $38 PT
Friday, December 17, 2010 - 8:34am | 25Oppenheimer has raised its rating on Oracle Corporation (NASDAQ: ORCL) to Outperform and is introducing a $38 PT.
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J.P. Morgan Raises ORCL PT From $35 To $38
Friday, December 17, 2010 - 7:51am | 22J.P. Morgan is raising its PT on Oracle Corporation (NASDAQ: ORCL) from $35 to $38.