Stocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Oracle Corporation. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Oracle is a buy with a solid beat-and-raise quarter expected.Unlock access to InvestingPro for less than $8 a month!suffering its biggest weekly loss of the year as investors dumped risk assets amid mounting worries over the health of the U.S. economy.The week ahead is expected to be another eventful one as investors continue to gauge the outlook for the economy and interest rates.
Oracle’s earnings have historically caused notable stock price swings, with shares surging 13% during its last earnings release in June. Data from InvestingPro suggests a favorable trend, with the cloud company gapping up in price after the last two earnings reports. ORCL stock ended Friday’s session at $141.81, about 3% below its July 15 record high of $146.59. With a market cap of $390.8 billion, Oracle is one of the most valuable database software and cloud computing companies in the world.With shares up more than 30% year-to-date, Oracle’s competitive position in the cloud services market is becoming increasingly clear.
In addition to new iPhones, the consumer electronics conglomerate is likely to introduce its latest Apple Watch smartwatches and new AirPods wireless earbuds. The public rollout of iOS 18 is also anticipated. At its current valuation, Apple has a market cap of $3.36 trillion, making it the most valuable company trading on the U.S. stock exchange.
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