Trump down, Oracle up
Tuesday’s quarterly earnings conference call was the most effective day in a protracted time for Oracle shareholders.
Oracle earnings highlights
All figures on this section are in U.S. currency.
- Oracle (ORCL/NYSE): Earnings per share amounted to 1,39 € (versus the forecast of $1.32) and revenue of $13.31 billion (versus the forecast of $13.23 billion).
Shares rose greater than 13% after the tech giant reported a virtually 20% year-over-year gain. Revenue in the corporate’s cloud services division continues to rise. And CEO Safra Catz said: “I would say demand still exceeds supply. But I can live with that.”
Founder Larry Ellison (the recently deceased Mark Zuckerberg to turn into the second richest person on the earth) excitedly predicted that Oracle would someday operate greater than 2,000 data centers, up from the 162 it has today. The current project he highlighted is an enormous data center that can use three modular nuclear reactors to generate the gigawatts of electricity needed.
In other US stock market news, investors in Trump Media and Technology Group (DJT/NASDAQ) face a giant decision this week. The stock plunged from highs of $66 per share on March 27 to $16.56 after the controversy on Wednesday. Don’t say we didn’t warn you.
That’s not the worst news for DJT investors, though. Next week, a potentially crippling event occurs: the corporate that owns 57% of the stock will find a way to sell the shares for the primary time. If it were to sell all of its shares (to squeeze as much money as possible out of a business enterprise that loses tens of millions of dollars every month), the stock price would plummet.
What is the “creature”? The query is definitely who it’s and never what: Donald Trump.
Even at a reduced share price, Trump’s stake in Truth Social is value about $1.9 billion. It’s not that he needs money for urgent problems or something like that…
Dell and Palantir kick American Airlines and Etsy out of the S&P 500
Other major events to sit up for include the rebalancing of major U.S. market indexes on September 23. Given that trillions of dollars at the moment are passively invested in index-based index funds, whether or not your organization is a member of a specific index could make a giant difference to your organization’s stock price. However, these index moves are largely expected by the market, a lot of the movement in value is already priced in.
