Oracle Financial News

Apple Inc.’s iPhone debuts have historically been a sell-the-news event for the stock, but the weeks following often provide an even better opportunity to buy the dip. Over the past five years, September has been the worst month of the year for Apple, with the shares averaging a decline of 4.5%, compared with a drop of 3.2% for the S&P 500. At the same time, October has been among the best, with an average gain for Apple of 3.8% over the same period. “If you’re a long-time holder and you see this as becoming a consumer staple company, these pullbacks are opportunities,” said Gene Munster, managing partner and co-founder of Deepwater Asset Management. Image While the stock has usually risen in the months ahead of the event, this year’s lead up has been troubled.

Investing.com — U.S. stock futures were little changed during Monday night trade after major benchmark averages posted a positive session, led by gains in Tesla Inc (NASDAQ:TSLA) after an upgrade from Morgan Stanley (NYSE:MS) analysts, with participants looking ahead to key inflation data set for release later in the week.

Investing.com — Oracle reported on Monday fiscal first-quarter results that beat analysts' forecasts, as an ongoing push by business to develop generative artificial intelligence applications boosted demand for cloud services. 

“I might sound very conservative in my thinking here, but how I think about a multibagger is a 25% CAGR for about 5 years’ time which is a 3x in 5 years,” says Puneet Khurana, CIO & Fund Manager, Stoic Investment Managers. In an interview with ETMarkets on the sidelines of Investing Accelerator Summit 2023, Khurana said: “In our experience and corroborated from our research, that you increase the odds when you are in the 3000-15000 crore market cap space with companies having strong historical fundamentals, exciting valuation zones and growing companies” Edited excerpts:Multibaggers no matter how much/many someone wants – it will never be enough. Why is finding a multibagger tough for retail investors? In a way, this question is ironic. In the sense that by the very definition of “Multibagger”, it is not just about finding the right stock but riding through the journey that a stock takes on its way to be a multibagger.

Wall Street's main indices ended a tad higher on Friday but still finished the week with losses amid renewed worries over inflation and uncertainty about the future path of the Federal Reserve’s interest rates.

The need for an oracle in decentralized finance (DeFi) is a major impediment to adoption in the real world, according to the authors of a Bank for International Settlements (BIS) bulletin. The problems with oracles are both practical and principled, and the study’s authors saw no way around them.

The Chainlink price has risen by 1.5% in the past 24 hours, with its jump to $6.22 coming as the cryptocurrency market as a whole declines a little.

Alteryx Inc, a data analytics software company with a market value of $2.2 billion, has been working with an investment bank to explore a potential sale after attracting takeover interest, according to people familiar with the matter. Fierce competition from big rivals such as Microsoft Corp and Oracle Corp, as well as setbacks in winning new business, have suppressed Alteryx's valuation and made it an acquisition target. Its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale.

By Davit Kirakosyan

Occidental Petroleum, Halliburton, EOG Resources — Shares of oil and gas companies were higher Tuesday after Saudi Arabia earlier extended its one million barrel per day voluntary crude oil production cut until the end of the year. Occidental Petroleum gained about 3.3%. Halliburton added 2.8% and EOG Resources rose 3.1%. The cut, which led oil prices higher during the day, adds to other voluntary crude output declines that some members of OPEC have put in place until the end of 2024.

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Investing.com — U.S. futures traded with small losses Tuesday, as weak Chinese services activity data increased concerns about the economic recovery of the world’s second largest economy.

Check out the companies making headlines in premarket trading.

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Jump Trading’s digital asset unit, Jump Crypto, appears to be scaling back after a handful of the company's specialists fled to start building a separate blockchain project.

Galgotias University claims to have garnered one million applications for the academic year 2023, with a significant portion of 6.5 Lakhs coming from CUET applicants. Uttar Pradesh leads the way with more than three lakh applications, closely followed by Delhi and Haryana, each contributing more than one lakh applicants, according to an official release. 

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Warren Buffett turned 93 today. Many money managers, be it on Wall Street or Dalal Street, have been big fans of his investing style and would have even mimicked it at some point. The year 2023 hasn’t been as rude as 2022 probably was, as US equities made a strong comeback and propelled Buffett’s portfolio.

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Investing.com — U.S. futures traded largely unchanged Tuesday, with investors warily awaiting a deluge of economic data this week, culminating with Friday's monthly employment report.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at 3M, Oracle, Mister Car Wash , AT&T, and Futu.