Investors can find value in blue-chip health-care stocks and old-world tech names, and should stick to U.S. equities, Chad Morganlander said.» Read More
*Oracle up in premarket after results. NEW YORK, Dec 18- U.S. stocks were set for a stronger open on Thursday, building on gains in the prior session after the U.S. "The bottom line is a June is still in play and even doves need to tighten at some point when the numbers start looking good," said James Liu, global market strategist at JPMorgan Funds in Chicago.
Companies making headlines before the bell Thursday.
*Oracle up in premarket after results. NEW YORK, Dec 18- U.S. stock index futures surged on Thursday, putting the S&P 500 on track to extend gains from the prior session, as oil prices showed signs of stabilizing and ahead of data on the labor market. Exxon Mobil rose 1.8 percent to $90.60 and the Select Sector Energy ETF gained 2.2 percent to $78.81 in premarket trading.
*Oracle up in premarket after results. NEW YORK, Dec 18- U.S. stock index futures surged on Thursday, putting the S&P 500 on track to extend gains from the prior session, as oil prices showed hints of stabilizing and ahead of data on the labor market. Exxon Mobil rose 2 percent to $90.84 and the Select Sector Energy ETF gained 1.6 percent to $78.34 in premarket trading.
George O'Connor, senior analyst at Panmure Gordon, says there are two main reasons behind the 'big move' in Oracle's shares recently.
NEW YORK— The Dow Jones industrial average had its biggest surge in three years Thursday, its second straight triple-digit gain following the Federal Reserve's reassurance that it was in no hurry to raise interest rates. Bullish earnings from technology giant Oracle also drove the rally, which has helped stocks erase an early-December slump.
Dec 17- Oracle Corp reported a 3.5 percent increase in quarterly revenue on Wednesday, beating Wall Street's expectations, as sales at its closely watched cloud services business rose 45 percent. Investors have been carefully watching how Oracle beefs up its cloud divisions, which deliver software over the Internet. "Oracle has been going through a transition...
NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, which Fed Chair Janet Yellen, at a news conference,...
Dec 17- Oracle Corp posted a 3.5 percent rise in total revenue in the company's first quarter since Larry Ellison stepped down as chief executive, bolstered by a 45 percent jump in its fast-growing cloud services business. Investors have been carefully watching how Oracle beefs up its "cloud" divisions, which deliver software over the Internet, as a gauge for how...
Companies making headlines after the bell Wednesday:
Steve Forbes, Forbes Media chairman, reacts to President Obama's decision to normalize diplomatic relations with Cuba.
REDWOOD CITY, Calif.— Oracle Corp. posted better-than-expected results Wednesday in its first quarterly report since co-founder Larry Ellison gave up the helm of the business software maker. The average estimate of analysts surveyed by Zacks Investment Research was for adjusted earnings of 68 cents per share. Oracle announced in September that Ellison was...
Dec 17- Oracle Corp reported a 3.5 percent rise in total revenue, bolstered by a 45 percent jump in its fast-growing cloud services business. The company's net income slipped to $2.50 billion in the second quarter ended Nov. 30, from $2.55 billion. Total revenue rose to $9.6 billion from $9.3 billion.
Daniel Ives, FBR Capital Markets, provides instant analysis to Oracle's solid quarterly numbers.
Oracle is reporting EPS beat of $0.69 adjusted on revenue beat of $9.60 billion, reports CNBC's Josh Lipton.
Oracle delivered fiscal second-quarter earnings of 69 cents per share on $9.60 billion in revenue, topping expectations on the top and bottom lines.
Oracle will report earnings after the bell Wednesday. Rick Sherlund, managing director at Nomura Securities, previews the numbers.
Jim Cramer wonders... if things are really so bad, then why are so many things going right? He uncovers who is really behind this market decline.
NEW YORK, Dec 15- U.S. stocks rose at the open on Monday, following the worst week for the benchmark S&P 500 index in more than two years, with investors focused on crude oil prices which earlier hit a fresh 5-1/ 2- year low. The Dow Jones industrial average rose 113.41 points, or 0.66 percent, to 17,394.24, the S&P 500 gained 15.22 points, or 0.76 percent, to 2,017.55 and the...
Some of the names on the move ahead of the open.