Oracle — Shares dipped more than 12% a day after the software company posted disappointing earnings and revenue guidance for its fiscal second quarter.
Oracle's revenue, which came in at $12.45 billion, was weaker than the $12.47 billion forecast by analysts.
WestRock — The stock rose 4.8% following news that the paper and packaging company will go through with a merger with Smurfit Kappa.
The Wall Street firm said shares may be oversold after the company experienced a temporary outage on its payment processor Square.
Elsewhere, Morgan Stanley reiterated its overweight call on Exxon, saying the company was a top pick in its category.
Persons:
WestRock, Wolfe, Baird, Goldman Sachs, Corinne Jenkins, Morgan Stanley, Yun Li, Samantha Subin, Hakyung Kim, Lisa Kailai Han, Jesse Pound, Pia Singh, Brian Evans
Organizations:
New York Stock Exchange, Oracle, LSEG, Smurfit Kappa, Apple —, Casey's, FactSet, Health, P Global, BBB, CVS, Bank of America, Goldman, Food, Drug, Exxon Mobil —, U.S, Texas, Exxon
Locations:
U.S