Oracle's Veiled Shot at Amazon
Photo by Luca Bravo / Unsplash

Oracle's Veiled Shot at Amazon

Watch out, Amazon. Oracle is here.

Steven Lerner
Steven Lerner

Today is Friday, December 10, 2021.

Oracle's Veiled Shot at Amazon

Shares of Oracle (NYSE: ORCL) jumped 10.4% in after-hours trading on Thursday after the tech giant posted better-than-expected earnings.

Financials: Oracle reported earnings of $1.21 per share and revenue of $10.4 billion - both were better than what analysts projected.

Big Growth: It was a great quarter for Oracle’s cloud business. Total cloud revenue shot up 22%, Fusion ERP cloud revenue went up 35%, and NetSuite ERP cloud revenue increased 29%.

Comment: During the earnings call, Oracle co-founder Larry Ellison reportedly said that Oracle’s cloud “never ever goes down,” which was interrupted as a joke against Amazon (Nasdaq: AMZN) Web Services, which had an outage this week.

Final Thoughts: Oracle looks like a solid long-term bet for investors. Can the company close the gap against the other big cloud giants, such as Amazon?


Notable Earnings Today: Academy Sports & Outdoors (Nasdaq: ASO), Johnson Outdoors (Nasdaq: JOUT).

Notable IPOs Today: Intensity Therapeutics, Inc. Common stock (Nasdaq: INTS), Integrity Applications, Inc. Common Stock (Nasdaq: IGAP), Newcourt Acquisition Corp Class A Ordinary Share (Nasdaq: NCAC), Healthcare AI Acquisition Corp. Unit (Nasdaq: HAIAU), Financial Strategies Acquisition Corp. Unit (Nasdaq: FXCOU), Onyx Acquisition Co. I Class A Ordinary Shares (Nasdaq: ONXY), Worldwide Webb Acquisition Corp. Class A Ordinary Share (Nasdaq: WWAC).

Notable Equity Crowdfunding Campaigns Ending Today: Milkmen Cannabis (MainVest), NanoMed Tracking (NetCapital), Blendily (MainVest), Joanna Premium Tonic Syrups (MainVest), Unlo (Wefunder), LifeBridge 10000 (Wefunder), Aavrani (Republic).

Notable Economic Events Today:  Consumer price index (8:30 a.m. ET), Michigan Consumer Sentiment (10:00 a.m. ET).

Bitcoin’s Early December Decline, Explained

Bitcoin Pattern
Photo by Jeremy Bezanger / Unsplash

The price of Bitcoin has declined rapidly since peaking a month ago in November.

Numbers: Bitcoin is down 30% from its peak last month. In the past week, the price of Bitcoin dipped about 10%.

Catalyst: Analysts point to economic uncertainties behind this recent decline. There are concerns about Bitcoin miners around the world facing government crackdowns, even though Bitcoin mining is currently on pace for a record, according to the Financial Times.

Bullish View: Despite the declines, many experts are bullish on Bitcoin. Bloomberg Intelligence’s Mike McGlone tweeted on Thursday that Bitcoin could reach $100,000 in 2022 due to deflationary forces.

Final Thoughts: Now is not the time for Bitcoin investors to panic. Historically, Bitcoin has survived declines like this before.

Sectors Ready for a Santa Claus Rally

Investors are hoping for a Santa Claus rally to boost stocks at the end of the year. Here are a few sectors to keep an eye on.

Big Tech: Technology giants are always popular, but especially during a Santa Claus rally. In particular, Google (Nasdaq: GOOGL) and Microsoft (Nasdaq: MSFT) are strong picks.

Be Healthy: With the pandemic still here, there are many health stocks to choose from - including pharmaceutical companies and retail health stores.

Energy: If oil prices have a late-year rebound, then energy stocks could be good. Last year, Exxon Mobil Corp (NYSE: XOM) went up 6% during the Santa Claus rally.

Final Thoughts: Keep an eye on companies with strong financials. They also tend to do well towards the end of the year.

Nu Kid on the Block: Nubank stock opens 25% above IPO price, valuing company at nearly $52 billion (MarketWatch)

Workers Have Spoken: Starbucks workers at Buffalo store win union victory, the coffee giant's first (Yahoo! Finance)

Deadly Increase: Covid Spurs Biggest Rise in Life-Insurance Payouts in a Century (The Wall Street Journal)

Sign of the Times: Bitcoin surge was a windfall for white supremacists, research finds (NBC news)

Not a Spam Email: Spam sales hit record high for seventh straight year in 2021, says Hormel Foods CEO (CNBC)

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