Trading volatility: Oracle earnings
Fiscal fourth-quarter earnings from software giant Oracle could give some volatility.
The stock trades all-sessions on the IG platform and if there is a repeat from the last quarter, the stock could rise to another new all time record high. IGTV’s Jeremy Naylor looks at the opportunity.
(AI Video Summary)
The discussion focuses on Oracle's anticipated fiscal fourth-quarter earnings report due on June 11, highlighting potential trading volatility. The stock has risen 18.2% year-to-date, outperforming the S&P 500's 11-12% increase. Analysts predict a possible upside surprise, driven by Oracle's advancements in artificial intelligence and other initiatives. The stock's price target is noted at $132.80, referencing its previous intraday high. Larry Ellison's ongoing leadership as chairman is underscored as a significant factor. Oracle is depicted as a stock to watch in the coming week for financial market enthusiasts.
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