Looking Into Oracle's Future


What's the trade ahead of Oracle (ORCL) earnings Wednesday after the bell?

Everyone that I’m talking to is looking for a beat and raise kind of quarter from Oracle says CBNC Silicon Valley Bureau Chief Jim Goldman. Both analysts and investors are telling me that they expect to hear a very good story from this company. Oracle has even seen a nice pop in business from clients in financial services. It could be the breakout news the market is looking for.

Goldman adds, if Oracle is seeing a good deal of business it suggests there are bigger enterprises which could also be upgrading technology. That would bode well for Cisco (CSCO) and Intel (INTC) and even Dell (DELL) and Hewlett-Packard (HPQ). In other words, it could be a broader technology bellwether.

Pete Najarian adds that options trading suggests to him that ORCL could move higher Wednesday.


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