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☆ The 2 things that will determine whether last week's stock market rally will continue this week
▼ + stars: | 2024-09-15 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City

☆ Oracle's Larry Ellison briefly tops Jeff Bezos to become world's second-richest person
▼ + stars: | 2024-09-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Oracle 's best week on the stock market since 2021 has bolstered Chairman Larry Ellison's net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world's second-richest person. Ellison's net worth reached $208.4 billion shortly after the market open, then fell to $199 billion, according to Forbes' real-time billionaires list. Bezos, who has claimed the title of world's second-richest person on and off over the years, is worth $205 billion. Bezos, 60, and Ellison, 80, are jockeying for the title of world's second-richest person three days after their companies forged a new partnership. "With Oracle Database to be able to run AWS, Microsoft and Google, is incredibly important," Ellison said on the call.

Persons: Larry Ellison's, Jeff Bezos, Forbes, Elon Musk, Ellison, Oracle, Jordan Novet, Ari Levy Organizations: Amazon, Oracle, Nvidia, Microsoft, Google Locations: Las Vegas

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Tesla, Kroger, Arm, Oracle, Eli Lilly, PNC, GE Vernova & more
▼ + stars: | 2024-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.

Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas

☆ Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
▼ + stars: | 2024-09-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year. At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at least $66 billion in fiscal 2026 revenue. She pointed to partnerships that will allow companies to use Oracle database software through top-tier cloud providers Amazon , Google and Microsoft . The company's cloud infrastructure revenue grew 45% in the most recent quarter, a quicker pace than at Amazon, Google or Microsoft. As Oracle plans to expand revenue, Catz said she expects capital expenditures to double in the current 2025 fiscal year.

Persons: Safra Catz, LSEG, Catz, Alex Zukin Organizations: Oracle Corp, New York Stock Exchange, Oracle, Google, Microsoft, Nvidia Locations: New York, Las Vegas

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 575 shares of ORCL, increasing its weighting in the portfolio to 2.17% from 1.91%. And given the market will likely soon be oversold, according to the S & P 500 Short Range Oscillator , we are looking to put our cash to work — and are buying shares of Oracle into weakness. Oracle stock pulled back earlier in the month after the company missed on quarterly revenue estimates and provided an outlook that failed to live up to lofty expectations. And in a market concerned about the impact of higher interest rates, we think buying some 'GARP-y' names on weakness makes sense. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Safra Catz, Mad, Catz, it's, Jim Cramer, Jim, Erik Isakson Organizations: Oracle, ORCL, Nvidia, Management, Jefferies, CNBC, DigitalVision, Getty

☆ 10 things to watch in the stock market Monday, including Disney, Ford and Amazon
▼ + stars: | 2023-09-25 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

In the week ahead , Club name Costco (COST) reports its quarter after the closing bell Tuesday. The analysts also remove their price target, saying the generative AI narrative is "too positive a force to contend with." Club name Oracle (ORCL) gets a price target cut to $130 per share from $132 at BMO Capital, which keeps market perform (hold) rating. Jefferies downgrades Club name Foot Locker (FL) to hold from buy and cuts price target to $18 per share from $28. Citi lowers price target on Club name Starbucks (SBUX) to $104 per share from $112.

Persons: Jim Cramer, Guggenheim, Morgan Stanley, —, Max, CloudWorld, Jefferies, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Costco, Hollywood, Disney, Paramount, Comcast, Universal, Warner Bros Discovery, Writers Guild of America, Alliance, Television Producers, United Auto Workers, General Motors, Chrysler, Ford, UAW, Ford ., Club, Microsoft, OpenAI, Guggenheim, Apple, Pro, Oracle, BMO Capital, Jefferies, Nike, Citi, Starbucks, Jim Cramer's Charitable, CNBC Locations: Canada

☆ Here's what investors selling Oracle on the company's mixed quarter and lower guide are missing
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

This momentum is turning into bookings, and that gives me the confidence that our annual revenue growth will continue to accelerate moving forward." These bullish comments — taken together — made the softer fiscal second quarter guide all the more puzzling. But for now, we're chalking up the revenue growth softness to some lumpiness around one quarter to the next. Guidance Oracle's weaker-than-expected fiscal 2024 second quarter guide caused shares to drop a second leg lower after the closing bell Monday. Within that figure, Oracle expects cloud revenue to increase 29% to 31%, which at the midpoint is about stable from the first quarter.

Persons: it's, Oracle, Larry Ellison, Safra Catz, —, we're, we'll, Cerner, Ellison, Katz, Catz, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Oracle, LSEG, Wall, Autonomous Database, Oracle Cloud Infrastructure, Infrastructure, Software, Microsoft, Web Services, Google, Johnson Controls, MGM Resorts, CNBC Locations: Cerner, Redwood Shores , California

☆ UBS upgrades this stock it says can jump another 20% on AI excitement
▼ + stars: | 2023-08-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Analyst Karl Keirstead upgraded the database management company to buy from neutral and raised his price target by $20 to $140. "We believe GPU supply constraints could be enough to drive outsized performance in Oracle shares." Despite its stock price run-up this year, UBS thinks shares still have plenty of room to grow. Keirstead noted four positive catalysts for the company: AI startups may only be in their first quarter in ramping up their use of OCI. Less than half of sell-side analysts rate Oracle shares a buy.

Persons: Karl Keirstead, Keirstad, Keirstead, — CNBC's Michael Bloom Organizations: UBS, Oracle, Oracle Cloud, Nvidia Locations: ramping

☆ Amazon, Meta, and other big tech firms have entered the 'Great Hesitation.' Here's what that means.
▼ + stars: | 2022-10-17 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

From the "Great Resignation" to "quiet quitting" and even "quiet firing," there's a slew of new words that encapsulate the state of work today. Amazon, Meta, and other big tech firms have entered the "Great Hesitation." With economists and business leaders predicting a looming recession, leaders at large-cap tech companies are in an anxious waiting game — and they're starting to cut hiring and other costs as they prepare for the storm to hit. "I think all of these companies are in this so-called 'Great Hesitation,'" one tech-investment fund leader said. Injecting Amazon DNA into a startup by hiring its alumni is a common tactic, according to one 20-year Amazon veteran.

☆ The executive running Oracle's tattered marketing group, called 'the hatchet man' by some employees, is tasked with cutting costs, insiders say
▼ + stars: | 2022-08-26 | by ( Belle Lin | Ryan Joe | ) www.businessinsider.com time to read: +10 min

Oracle's marketing team "imploded" following layoffs and the departure of its CMO this summer. A source told Insider that means salespeople will be selling products to sectors they never had before, including healthcare, which is now a key focus with Cerner. Plus, products like Oracle's cloud infrastructure face competition from tech giants like Amazon, making marketing a key lever in that fight. That morning, nearly 50% of some marketing groups received phone calls that they were being laid off, including Kelman's senior staff, multiple sources told Insider. Oracle's marketing structure, as it once was, is gone.

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