Oops... here's why Asian markets are rather weak this morning (despite FED rate cut) and that Nasdaq futures and bitcoin are dropping...
BREAKING 🚨: Oracle $ORCL got nuked on earnings 📉📉 $ORCL falls after missing on Q2 adjusted revenue 💵 Adjusted revenue: $16.06B vs $16.21B expected 💲Adjusted EPS: $2.26 vs $1.64 expected ☁️ Oracle Cloud Infrastructure revenue: $4.1B vs $4.09B expected The "Open AI" complex is likely to get under pressure again (Softbank is down -6% this morning) Source: Barchart
Oracle currently carries $127B in debt, with $25B due within three years.
Despite this, the company is free cash flow negative, reporting roughly –$13B over the past 12 months, and it's not expected to be FCF + before 2028! Source: Patient Investor @patientinvestt
ORACLE $ORCL: We now expect fiscal 2026 CapEx will be about 15 billion higher than we forecasted after Q1.
Source: Wall St Engine @wallstengine
S&P 500 profit margins rose to 13.6% in the 3rd quarter, their highest level in history.
Source: Charlie Bilello
🚨 In case you missed it...
JPMorgan cracked nearly 5% yesterday after the bank told investors that it will spend billions of dollars more in expenses ...
In case you missed it...
Alphabet $GOOGL and Nvidia $NVDA are now the only 2 Magnificent 7 stocks that are outperforming the S&P 500 this year Source: Barchart
Consumer confidence down, stock market up
A K-shaped economy captured in one chart. (via Bianco Research thru HolgerZ)
When the Fed cuts interest rates within 2% of stock market all-time highs, the S&P 500 has gone on to finish higher over the next 12 months 20 out of 20 times (100% hit rate) 🚨🚨🚨
Note however that the market reaction in the 3 to 6 months is mixed Source: Carson, Barchart
