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Oracle

$ORCL
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154 stories mentioning OracleUpdated just now

Oracle trades amid a broad market rally and tech-sector gains driven by progress toward a US-Iran peace agreement and softer inflation data.

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Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.3%.The Philadelphia Semiconductor index lost 5.8%.In corporate news, Amazon-backed (AMZN) Anthropic CEO Dario Amodei called for the AI industry to slow the pace of model capability development, saying that accelerating advances and recent alignment incidents could outpace efforts to ensure AI safety. Amazon shares were down 1.2%.Microsoft-backed (MSFT) OpenAI CEO Sam Altman said the company's highly anticipated initial public offering will not take place in 2026 due to ongoing concerns around safety and control in the AI sector, Fortune reported, citing an interview with Altman. Separately, Microsoft has posted a document outlining the intended behavior and values of the company's future AI models. The tech giant said the document is being shared for public consultation. Microsoft shares were up 2.1%.Nvidia (NVDA), Palantir (PLTR) and Booz Allen Hamilton (BAH) have started demanding guarantees or eliminating use of Anthropic's and OpenAI's most advanced models over concerns that the AI giants could retain their customers' critical data, The Information reported. Microsoft has started leveraging that unease to try to lure OpenAI clients to its own AI products, and it has pitched its own isolated cloud environments to customers worried about privacy, the report said. Nvidia shares fell 3.2%, Palantir rose 3.7%, and Booz Allen was up 4.2%.Oracle (ORCL) has started a new round of layoffs after cuts to its workforce earlier this year, Business Insider reported. Oracle shares fell 3.9%.

$AMZN$BAH$MSFT$NVDA$ORCL$PLTR
Sectors

Sector Update: Tech Stocks Fall Monday Afternoon

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 5%.The Philadelphia Semiconductor index lost 5.1%.In corporate news, Amazon-backed (AMZN) Anthropic CEO Dario Amodei called for the AI industry to slow the pace of model capability development, saying that accelerating advances and recent alignment incidents could outpace efforts to ensure AI safety. Amazon shares were down 0.7%.Microsoft-backed (MSFT) OpenAI CEO Sam Altman said the company's highly anticipated initial public offering will not take place in 2026 due to ongoing concerns around safety and control in the AI sector, Fortune reported, citing an interview with Altman. Separately, Microsoft has posted a document outlining the intended behavior and values of the company's future AI models. The tech giant said the document is being shared for public consultation. Microsoft shares were up 2.6%.Oracle (ORCL) has started a new round of layoffs after cuts to its workforce earlier this year, Business Insider reported. Oracle shares fell 4.4%.

$AMZN$MSFT$ORCL
Wire

Top Midday Stories: No OpenAI IPO in 2026, Altman Reportedly Says; Nvidia, Palantir Said to Restrict AI Usage Over Customer Data Fears

All three major US stock indexes were down in late-morning trading Monday, as major artificial intelligence companies flagged concerns about the risks posed to humanity by the rapid advancement of AI models.OpenAI Chief Executive Sam Altman said the company's highly anticipated initial public offering will not take place in 2026 due to ongoing concerns around safety and control in the AI sector, Fortune reported Monday, citing an interview with Altman. The OpenAI CEO's comments came amid Anthropic CEO Dario Amodei called on the AI industry to slow the pace of model capability development due to safety concerns. Later, Microsoft (MSFT) shared a document outlining the intended behavior and values of the company's future AI model. The tech giant invited feedback "to maximize the chances that AIs we develop avoid harm and deliver the greatest contribution to human flourishing possible." Microsoft shares were up 2% around midday.Nvidia (NVDA), Palantir Technologies (PLTR) and Booz Allen Hamilton (BAH) have started demanding guarantees or eliminating use of Anthropic's and OpenAI's most advanced models over concerns that the AI giants could retain their customers' critical data, The Information reported Monday. Microsoft has started leveraging that unease to try to lure OpenAI clients to its own AI products, and it has pitched its own isolated cloud environments to customers worried about privacy, the report said, citing people involved in the effort. Shares of Nvidia were down 3%, while Palantir and Booz Allen were up 2.6% and 3.7%, respectively.Baldwin Insurance Group (BWIN) said Monday it has entered into a definitive agreement under which an entity to be formed by Sequence Holdings and DFO Management will acquire a majority interest in the company in an all-cash deal with an implied enterprise value of about $7.7 billion. After the deal closes, which is expected in Q1 2027, Baldwin will become a privately held company, it said. Baldwin shares were up 7.7%.Oracle (ORCL) has started a new round of layoffs after cuts to its workforce earlier this year, Business Insider reported Monday, citing an internal document and three sources familiar with the matter. The layoffs will impact double-digit percentages of certain teams, the report said, citing the internal document. The round of cuts is expected to start Monday, one of the people reportedly told the outlet. Oracle shares were down 3.8%.Definium Therapeutics (DFTX) said Monday its second phase 3 study of DT120 orally disintegrating tablet in patients with generalized anxiety disorder met its primary and key secondary endpoints. Definium shares were up 3.5%.Aon (AON) has commenced a US investment-grade debt sale in seven tranches to help fund its planned $17 billion acquisition of USI Insurance Services from KKR (KKR), Bloomberg reported Monday, citing a person familiar with the matter and a note from S&P Global Ratings. The company is looking to sell $13.5 billion of notes as part of the funding package, which could also include a $4 billion term loan, the report said, citing the note. Aon shares were up 2.8%.Price: $211.51, Change: $-6.78, Percent Change: -3.11%

$AON$BAH$BWIN$DFTX$MSFT$NVDA$ORCL$PLTR
Wire

Market Chatter: Oracle Starts New Batch of Workforce Cut

Oracle (ORCL) began another round of layoffs after its workforce cuts earlier this year, Business Insider reported Monday, citing an internal document and three unnamed sources familiar with the matter.An internal document showed that the planned layoffs will affect double-digit percentages for certain teams, according to the news outlet. One of the sources told Business Insider that this round of cuts is expected to start Monday.Oracle did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $141.78, Change: $-8.37, Percent Change: -5.57%

$ORCL
Sectors

Sector Update: Tech Stocks Fall Premarket Monday

Technology stocks were falling premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.6% and the iShares Semiconductor ETF (SOXX) declining by 5.6%.SK Hynix (SKHY) and Samsung Electronics rejected a 25 trillion won ($18.58 billion) advance payment proposal from the state-run Korea Electric Power, or KEPCO, to support power supplies for planned semiconductor mega clusters, multiple news outlets reported, citing a document submitted to a lawmaker. SK Hynix stock was down 7.8% pre-bell.Nvidia (NVDA) is negotiating to become an anchor investor in Anthropic's potential initial public offering, Reuters reported, citing two people familiar with the matter. Shares of Nvidia were down nearly 3% premarket.Oracle (ORCL) shares were down 4.7% after the company said Larry Ellison, its executive chair and chief technology officer, has canceled his plan to sell Oracle shares.

$NVDA$ORCL$SKHY$SOXX$XLK
Commodities

US Natural Gas Storage Build Beats Estimates as Global Prices Surge, RBC Says

US natural gas inventories rose more than expected last week, adding to bearish pressure on domestic prices even as global benchmarks surged amid concerns over disrupted LNG supplies from the Middle East, RBC Capital Markets strategists said in a Thursday note.RBC analysts said that working gas in storage increased by 40 billion cubic feet in the week ended Sep. 4, compared with a median estimate of 34 Bcf. The build was also below the 69 Bcf injection recorded during the same week last year and the five-year average of 52 Bcf.The consultancy said that total working gas stood at 3.254 trillion cubic feet, 79 Bcf below year-earlier levels but 148 Bcf above the five-year average.US gas prices have fallen about 5% over the past week, while global prices have moved higher. Benchmark LNG prices in Asia were around $29 per million British thermal units, while European TTF was near $28, both well above RBC's current $18 forecast.The widening divergence underscores the Iran conflict's impact on global gas markets, RBC said in a note. QatarEnergy is seeking longer-term agreements with US suppliers as the conflict limits its ability to supply some customers.RBC expects US storage to peak at about 3.9 trillion cubic feet this fall, roughly 120 Bcf above the 10-year average but 60 Bcf below last year's level.The bank said the Energy Information Administration expects inventories to end the injection season at about 4 Tcf, or 5% above the five-year average, following another year of strong US production growth.For next week's EIA report, RBC forecasts a 35 Bcf to 40 Bcf injection, well below the seasonal norm of 74 Bcf and last year's 87 Bcf build.US natural gas futures for the next 12 months were around $3.10 per thousand cubic feet, down 11 cents from the previous week and below RBC's $3.19 forecast. The 2026/29 strip averaged about $3.52/Mcf, broadly in line with RBC's assessment of current valuations.Meanwhile, the National Oceanic and Atmospheric Administration reaffirmed that this year's strong El Nino has a 75% probability of becoming a historic event, potentially exceeding the strength of previous episodes dating to 1950. Weather patterns remain a key variable for US gas demand, particularly during the winter heating season.RBC said that domestic supply growth is also showing signs of a mixed trajectory. Baker Hughes (BKR) data showed the US rig count falling by two to 130 last week.Appalachian rigs declined by one to 33, three below year-ago levels, while Haynesville rigs also fell by one to 56 but remained 17 rigs above last year's count.Meanwhile, infrastructure investment continues as producers and LNG developers seek to expand export and takeaway capacity.Texas LNG asked the Federal Energy Regulatory Commission to waive the mandatory pre-filing process for an expansion that would add 5.5 million metric tons per year of liquefaction capacity to its proposed Brownsville facility, on top of the 4 million tons currently planned.EOG Resources (EOG) said it could increase capacity on its South Texas Verde pipeline to about 1.7 billion cubic feet per day from 1 Bcf/d. The 100-mile system connects EOG's Dorado asset to the Agua Dulce Hub.The US Federal Energy Regulatory Commission also found no significant environmental impact from the proposed 400 million cubic feet per day Green Chile Pipeline in New Mexico, which would supply the Project Jupiter data center backed by OpenAI and Oracle (ORCL).Price: $147.30, Change: $-0.16, Percent Change: -0.11%

$BKR$EOG$ORCL
Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks climbed late Friday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.4% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 3%.The Philadelphia Semiconductor index gained 1.7%.In corporate news, Dell (DELL) shares jumped 12% after RBC Capital Markets initiated its coverage of the stock with an outperform rating and a $640 price target. Dell is well positioned to benefit from the multiyear AI infrastructure spending cycle, RBC said.Microsoft (MSFT) plans to more than triple its global data center capacity to over 38 gigawatts by 2032, Bloomberg reported. Microsoft shares added 0.8%.Oracle's (ORCL) fiscal Q1 results showed surging cloud growth, though margin pressure and a "modest" earnings guidance increase loomed over infrastructure buildout and profitability, Morgan Stanley said. Oracle shares fell 2%.Broadcom's (AVGO) licensing revamp for VMware software after its $61 billion takeover is attracting scrutiny from EU antitrust regulators, Bloomberg reported. Broadcom shares rose 0.3%.

$AVGO$DELL$MSFT$ORCL
Sectors

Sector Update: Tech Stocks Rise Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 3.8%.The Philadelphia Semiconductor index climbed 2.4%.In corporate news, Microsoft (MSFT) plans to more than triple its global data center capacity to over 38 gigawatts in 2032, Bloomberg reported. Microsoft shares rose 0.6%.Oracle's (ORCL) fiscal Q1 results showed surging cloud growth, but margin pressure and a "modest" earnings guidance raise left Morgan Stanley wanting more visibility on infrastructure buildout and profitability. Oracle reported strong fiscal Q1 results late Thursday, driven by above-consensus cloud sales that were buoyed by infrastructure revenue growth of 121% year over year. Morgan Stanley said Friday the company's non-GAAP gross profit margin fell to 61% in the three months through August from 68.7% a year ago, missing the brokerage's and Wall Street's estimate of about 62%. Oracle shares were fractionally lower.Broadcom's (AVGO) licensing revamp for VMware software after its $61 billion takeover is attracting deep scrutiny from EU antitrust regulators, Bloomberg reported. Broadcom shares were up 1.1%.

$AVGO$MSFT$ORCL
Oracle Margin Pressure, Modest Guidance Raise Leave Morgan Stanley Needing More Visibility
US Markets

Oracle Margin Pressure, Modest Guidance Raise Leave Morgan Stanley Needing More Visibility

Oracle's (ORCL) fiscal first-quarter results showed surging cloud growth, but margin pressure and a "modest" earnings guidance raise left Morgan Stanley wanting more visibility on infrastructure buildout and profitability.Oracle reported strong fiscal first-quarter results late Thursday, driven by above-consensus cloud sales that were buoyed by infrastructure revenue growth of 121% year over year.Morgan Stanley said Friday the company's non-GAAP gross profit margin fell to 61% in the three months through August from 68.7% a year ago, missing the brokerage's and Wall Street's estimate of about 62%."Our gross margin did decline as expected, driven by impacts from ramping up our data centers and the acceleration of infrastructure revenue," Chief Financial Officer Hilary Maxson said during Thursday's earnings call, according to a FactSet transcript. "However, this was offset in the quarter by lower operating costs and strong operating leverage tied to simplification and efficiency actions."Oracle expects gross margins to "flatten" over the next couple of years, Maxson told analysts."We'd like to see more evidence of the progress towards gross margin stabilization, more visibility on where and when infrastructure capacity comes on stream and (ideally but less critically) an improving trend in apps to turn more constructive," Morgan Stanley said.Cloud application revenue missed Wall Street's estimates by 1% in the first quarter, the brokerage wrote.Oracle raised its fiscal 2027 adjusted earnings per share guidance to $8.10 from $8.05. Morgan Stanley described the upward revision as "modest."The brokerage reiterated its equal-weight rating on Oracle's stock, with a $210 price target.The company reported capital expenditure of $28.50 billion in the first quarter, resulting in negative free cash flow of $5.40 billion. "Our capex will not be linear throughout the year," Maxson said. "We continue to anticipate $90 billion to $95 billion in capex for the full year, with not more than $70 billion in net cash capex."Oracle's plan to convert nearly half of its $664 billion remaining performance obligations into revenue over the next 36 months without lifting the capex outlook is encouraging, Morgan Stanley added.Shares were down 0.9% in Friday trading. The stock has lost 22% this year.Amazon's (AMZN) second-quarter results showed in July that operating margin increased to 13.7% from 11.4% in the same quarter last year, while Alphabet (GOOG, GOOGL) expanded 2 percentage points to 34%. Microsoft (MSFT) reported that its fiscal fourth-quarter gross margin jumped to $60.48 billion from $52.43 billion in the prior-year period.Price: $151.89, Change: $-1.05, Percent Change: -0.69%

$AMZN$GOOG$GOOGL$MSFT$ORCL
Wire

Oracle's AI-Driven Growth Acceleration Is Playing Out, UBS Says

Oracle (ORCL) is seeing its material AI-driven growth acceleration play out, with quarterly positives outweighing the lack of a raised fiscal 2027 revenue guide, UBS said in a note Friday.The bank cited strong execution, tightly managed opex, and backlog growth from greater customer diversity.UBS said guidance for continued cloud infrastructure acceleration through fiscal 2027 was a positive surprise, and pointed to reaffirmed fiscal 2027 capex guidance of $90 billion-$95 billion and completion of Oracle's $20 billion ATM/secondary offering as easing credit risk. GPU pricing gains of over 20% on renewals support the view that revenue-per-gigawatt economics may be improving, UBS said.On the downside, UBS flagged Oracle's reaffirmation, rather than raise, of its $90 billion fiscal 2027 revenue guide, and a wide fiscal second-quarter growth range, as signs of capacity-timing uncertainty.UBS kept its buy rating on the stock and raised its price target to $250 from $245.Price: $151.48, Change: $-1.47, Percent Change: -0.96%

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Wire

Top Midday Stories: Rate-Hike Expectations Rise After August CPI Release; Oracle Shares Up Modestly After Strong Earnings Results

All three major US stock indexes were up in late-morning trading Friday, as oil prices fell and the latest inflation data matched expectations.The US seasonally adjusted consumer price index rose by 0.4% in August, as expected, and following a 0.1% increase in July, the Bureau of Labor Statistics said Friday. Core CPI, which excludes food and energy prices, rose by 0.3%, faster than the consensus estimate of a 0.2% gain and above July's 0.2% rise. The year-over-year rate for overall CPI stayed at 3.4%, while core CPI slowed to 2.4% from 2.5% the previous month. Following the release, traders priced in about a 90% chance the Federal Reserve's rate-setting committee hikes rates at its next meeting, Bloomberg reported.In company news, Oracle (ORCL) reported fiscal Q1 adjusted earnings late Thursday of $1.92 per diluted share, up from $1.47 a year earlier and above the FactSet consensus analyst estimate of $1.74. Fiscal Q1 revenue was $19.35 billion, up from $14.93 billion a year ago and above the FactSet consensus of $19.14 billion. For fiscal Q2, the company expects adjusted EPS of $1.85 to $1.93 and revenue growth of 30% to 34%. Analysts polled by FactSet expect EPS of $1.89. For full-year fiscal 2027, Oracle expects adjusted EPS of $8.10 on revenue of at least $90 billion, up from its previous guidance of adjusted EPS of $8.05. Analysts expect $8.07 EPS on revenue of $89.66 billion. Oracle shares were up 0.3% around midday.Microsoft (MSFT) intends to more than triple its global data center capacity to over 38 gigawatts in 2032, Bloomberg reported late Thursday, citing people familiar with the plans. Those plans could change as server farms take years to develop, while evolving customer preferences and new technology could reset current assumptions, according to the report.Separately, Microsoft-backed OpenAI is considering slowing development of advanced AI and hopes other AI companies do the same, Bloomberg reported Friday, citing people familiar with the matter. Lastly, OpenAI, Nvidia (NVDA), Oracle and Cisco (CSCO) are involved in a data center in the United Arab Emirates that will likely be revised following attacks by Iran, Reuters reported Friday, citing people familiar with the matter. Microsoft shares were up 0.4%, while Nvidia and Cisco shares were up 0.7% and 3.4%, respectively.Adobe (ADBE) reported fiscal Q3 adjusted EPS late Thursday of $6.13, up from $5.31 a year ago and above the FactSet consensus of $6.08. Fiscal Q3 revenue was $6.76 billion, up from $5.99 billion a year ago and above the FactSet consensus of $6.69 billion. For fiscal Q4, the company expects adjusted EPS of $6.30 to $6.35 on revenue of $6.80 billion to $6.85 billion. Analysts expect EPS of $6.31 on revenue of $6.84 billion. Adobe expects full-year adjusted EPS of $24.45 to $24.50 on revenue of $26.576 billion to $26.626 billion, up from its prior guidance of adjusted EPS of $24.35 to $24.45 on revenue of $26.5 billion to $26.6 billion. Analysts expect EPS of $24.42 on revenue of $26.539 billion. Adobe shares were down 0.4%.Kroger (KR) reported fiscal Q2 adjusted EPS Friday of $1.09, up from $1.04 a year earlier and above the FactSet consensus of $1.06. Fiscal Q2 sales were $34.62 billion, up from $33.94 billion a year ago but below the FactSet consensus of $34.64 billion. The company expects full-year identical sales, excluding fuel, to rise 0.2% to 0.8%, lower than its prior guidance of 1% to 2% growth. Kroger shares were up 2.3%.Price: $154.00, Change: $+1.06, Percent Change: +0.69%

$ADBE$CSCO$KR$MSFT$NVDA$ORCL
Wire

Oracle Delivered Near-Term IaaS Execution, Faces Gross Margin Pressure, Morgan Stanley Says

Oracle's (ORCL) fiscal Q1 results provided near-term proof of infrastructure-as-a-service execution, but gross-margin pressure and a modest fiscal 2027 EPS raise mean more evidence is needed on GPU-as-a-service economics and visibility into infrastructure build-out before becoming more constructive on the stock, Morgan Stanley said Friday.The gross margin was relatively underwhelming versus consensus due to capacity expansion, while continued operating leverage contributed to a 4% beat in non-GAAP operating income versus consensus and improved below-the-line numbers led to an 11% beat on non-GAAP EPS, the note added.The fiscal Q2 revenue and cloud guidance came in ahead of consensus at $21.2 billion versus $21.07 billion and $13.4 billion versus $13.02 billion, respectively, though the $1.89 EPS midpoint came in line with Street estimates, the brokerage said.Management expects continued Oracle Cloud Infrastructure acceleration in fiscal 2027 and gave positive commentary on upcoming OCI capacity, renewal pricing, and expected next-generation gross margin stabilization, the brokerage added.Morgan Stanley kept an equal weight rating on Oracle with a price target of $210.Price: $153.63, Change: $+0.69, Percent Change: +0.45%

$ORCL
Wire

Stephens Adjusts Oracle Price Target to $185 From $175, Maintains Equal Weight Rating

Oracle (ORCL) has an average rating of overweight and mean price target of $243.71, according to analysts polled by FactSet.Price: $153.52, Change: $+0.58, Percent Change: +0.38%

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Sectors

Sector Update: Tech Stocks Rise Pre-Bell Friday

Technology stocks were rising pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.Oracle (ORCL) stock was up more than 7% after the company reported stronger-than-expected growth in fiscal Q1 adjusted earnings and sales and raised its full-year outlook.Micron Technology (MU) will award its direct-labor employees in Taiwan with bonuses equivalent to 35 to 68 months of pay for fiscal 2026 after what the company described as an extraordinary year, Reuters reported. Shares of Micron Technology were up 1.7% premarket.Adobe (ADBE) stock was down nearly 3% even after the company reported higher fiscal Q3 adjusted earnings and revenue, and raised its fiscal 2026 outlook.

$ADBE$MU$ORCL$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were rising pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.7% higher.Oracle (ORCL) stock was up more than 7% after the company reported stronger-than-expected growth in fiscal Q1 adjusted earnings and sales and raised its full-year outlook.

$ORCL
Asia Markets

Update: US Equity Futures Higher Pre-Bell as Traders Assess More Inflation Data and Drop in Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Friday as traders assessed the second of two key inflation reports this week and observed a drop in oil prices.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 0.8% higher.The US is continuing its campaign of economic pressure on Iran and its financial connections, with Treasury Secretary Scott Bessent saying that "a large bank" will be sanctioned by the US on Monday, according to a CNBC report.Iran-backed Houthi forces have taken over the port city of Mokha in Yemen, potentially giving Iran an avenue to increase attacks on vessels in the Red Sea, which has been an alternative route for ships avoiding the Strait of Hormuz, The Associated Press reported.Traders digested the latest round of earnings, with Kroger (KR) posting higher fiscal Q2 adjusted earnings and sales.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.1% at $104.32 per barrel and US West Texas Intermediate crude 3.1% lower at $99.31 per barrel.The August consumer price index, released at 8:30 am ET, rose 0.4%, compared with a 0.1% gain in the previous month, and meeting expectations in a survey compiled by Bloomberg.The University of Michigan consumer sentiment index for September, slated for 10 am ET, is expected at 51.0, down from 51.7 previously.In other world markets, Japan's Nikkei closed 1.9% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 1.2% lower. Meanwhile, the UK's FTSE 100 was up 0.7%, and Germany's DAX index was 0.7% higher in Europe's early afternoon session.In equities, Oracle (ORCL) shares were up 6.3% after the company reported late Thursday stronger-than-expected growth in fiscal Q1 adjusted earnings and sales and raised its full-year outlook. Micron Technology (MU) stock was up 1.8% after a Reuters report that the company will award its direct-labor employees in Taiwan with bonuses equivalent to 35 to 68 months of pay for fiscal 2026 after what it described as an extraordinary year. Copart (CPRT) and ACV Auctions (ACVA) shares rose 6.9% and 45%, respectively, after the two companies said Copart will buy ACV Auctions for $10.50 per share in cash, valuing the company at about $1.9 billion.On the losing side, Adobe (ADBE) shares fell 3.5% after the company late Thursday provided a fiscal Q4 revenue outlook below Wall Street's estimates at the midpoint and maintained its full-year annualized recurring revenue growth guidance. Petrobras (PBR) stock was down 1.6% after a Reuters report that the company plans to increase diesel prices at its refineries by roughly 1 Brazilian reais ($0.20). Kroger shares dropped 2.7% after the company fell short of analysts' consensus estimates for fiscal Q2 sales.

Dow JonesNasdaq CompositeS&P 500$ACVA$ADBE$CPRT$KR$MU$ORCL$PBR
Stocks Rise Pre-Bell Ahead of Key Consumer Inflation Report
US Markets

Stocks Rise Pre-Bell Ahead of Key Consumer Inflation Report

US equity markets were tracking in the green before the opening bell Friday as traders brace for a key consumer inflation report ahead of the Federal Reserve's monetary policy meeting next week.The S&P 500, the Dow Jones Industrial Average and the Nasdaq were up 0.6% each in premarket activity. The indexes finished Thursday trading lower for the fourth consecutive session.The consumer price index report for August is scheduled to be released at 8:30 am ET. Data are expected to show that consumer inflation increased 0.4% sequentially and 3.4% annually, according to a Bloomberg-compiled consensus.Wall Street projects core CPI, which excludes volatile items such as food and energy, to rise 0.2% month over month and 2.4% year over year for August.Treasury yields were mixed, with the two-year rate gaining 0.3 basis points to 4.55% while the 10-year rate declined 0.6 basis points to 4.94%.On Thursday, government data showed that producer prices rose at the fastest pace in three months in August amid higher fuel costs. Oxford Economics predicted further upward pressure on wholesale costs as domestic diesel prices hit fresh peaks.Markets are pricing in a 68% probability that the Fed will raise the benchmark lending rate by 25 basis points at its Sept. 15-16 meeting, according to the CME FedWatch tool. The remaining odds point to another central bank pause.West Texas Intermediate crude oil dropped 3.4% to $99.02 a barrel, while Brent slipped 3.7% to $103.65.The International Energy Agency said Friday it now forecasts global oil demand to drop by 2.5 million barrels a day this year, 940,000 barrels more than its previous estimate last month, with the deadlock in US-Iran negotiations likely to delay the normalization of crude flows into 2027.On Thursday, the Organization of the Petroleum Exporting Countries cut its global oil demand outlook for 2026 as high energy prices are expected to weigh on consumption.The average diesel price in the US hit a fresh record high at $6.0556 per gallon on Friday, according to AAA motor club data. The regular gas price rose to $4.2950 per gallon from $4.0116 a month ago.Iran-aligned Houthis seized control of Yemen's port city of Mocha on Thursday, military sources said, gaining further leverage over the Bab el-Mandeb Strait, the southern side of the Red Sea, Reuters reported.Friday's economic calendar also has the preliminary University of Michigan's consumer sentiment report for September at 10 am, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm.Shares of Oracle (ORCL) jumped 6.7% pre-bell as the cloud computing company reported fiscal first-quarter results above Wall Street's estimates. Adobe (ADBE) fell 3.8% as the Photoshop maker provided a fiscal fourth-quarter revenue outlook below market expectations at the midpoint.Kroger (KR) reports its latest financial results before the bell.Gold dipped 0.4% to $4,390 per troy ounce, while bitcoin decreased 0.2% to $77,001.

Dow JonesNasdaq CompositeS&P 500$ADBE$KR$ORCL
Adobe Issues Weak Revenue Outlook, Maintains Full-Year ARR Growth Guidance
US Markets

Adobe Issues Weak Revenue Outlook, Maintains Full-Year ARR Growth Guidance

Adobe (ADBE) shares fell early Friday after the software maker provided a fiscal fourth-quarter revenue outlook below Wall Street's estimates at the midpoint and maintained its full-year annualized recurring revenue, or ARR, growth guidance, while the company reported better-than-expected results for the third quarter.Revenue is anticipated to come in between $6.8 billion and $6.85 billion for the ongoing quarter, the company said late Thursday. The guidance's midpoint of about $6.83 billion is just below the current consensus on FactSet of $6.84 billion. The stock was down 3.4% in the most recent premarket activity.Adjusted earnings are pegged at $6.30 to $6.35 per share for the fourth quarter, while the Street is looking for $6.31.For fiscal 2026, Adobe now expects adjusted EPS to be in a range of $24.45 to $24.50 on revenue of $26.58 billion to $26.63 billion, up from its previous forecasts of $24.35 to $24.45 and $26.5 billion to $26.6 billion, respectively. The average analyst estimate is for non-GAAP EPS of $24.43 and sales of $26.55 billion.The company continues to project ARR growth of about 10.2% for the ongoing fiscal year. That represents a slowdown from the previous fiscal year's gain of 11.5%. The metric advanced 11.2% year over year to $27.5 billion in the third quarter, interim Chief Financial Officer Steve Day said during an earnings call, according to a FactSet transcript.Day, who was appointed interim CFO in June, told analysts on the call that the software maker continues to expect ARR to be higher in the fourth quarter versus the previous quarter and anticipates "good contributions" from each of its segments towards the full-year guidance.In a client note emailed Tuesday, Morgan Stanley said it expected Adobe to reiterate its full-year ARR growth target on its third-quarter results. "We continue to believe that a clear line of sight to stabilizing (and ultimately an inflection) in ARR growth will be needed to drive fundamental investor engagement on the shares," the brokerage said at the time.For the quarter ended Aug. 28, Adobe's adjusted EPS climbed to $6.13 from $5.31 the year before, topping the FactSet-polled consensus of $6.09. Revenue rose 13% to $6.76 billion, ahead of the Street's view of nearly $6.7 billion."Adobe delivered record (third-quarter) results, reflecting the strength of our (artificial intelligence) innovation, expanding customer reach and leadership across creativity, productivity and customer experience," outgoing Chief Executive Shantanu Narayen said in the earnings release. Narayen is set to be succeeded by Anil Chakravarthy, currently president of Adobe's customer experience orchestration business and worldwide field operations, on Dec. 1.By customer group, business professionals and consumers subscription revenue increased 16% to $1.91 billion, while creative and marketing professionals subscription revenue rose 13% to $4.65 billion.On Thursday, cloud computing company Oracle (ORCL) reported fiscal first-quarter results above market estimates as cloud infrastructure sales more than doubled year over year.Last month, customer relationship management platform Salesforce (CRM) lifted its full-year revenue outlook after delivering a fiscal second-quarter beat, while Microsoft (MSFT) announced fiscal fourth-quarter results in July that topped expectations.

$ADBE$CRM$MSFT$ORCL
Equities

Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; Oracle to Rise, Adobe to Fall

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Friday's opening bell.Oracle (ORCL) was up 7.1% premarket, reversing a 5.4% fall at Thursday's close. The company overnight reported stronger-than-expected growth in fiscal Q1 adjusted earnings and sales, and raised its full-year outlook.Micron Technology (MU) rose by 1% hours before market open, swinging from a 4.9% decline in the previous session.Nvidia (NVDA) advanced by 0.9% in pre-bell activity, after a 2.4% fall Thursday.SpaceX (SPCX) was 0.9% higher premarket, following a 0.4% increase from the previous session.Reddit (RDDT) was up 0.5% in premarket activity, following a 6.1% rise at Thursday's close.Adobe (ADBE) fell by 3.7% in pre-bell hours, after a 2.4% decline in the previous session.W&T Offshore (WTI) was down 2.6% pre-bell, after closing Thursday with a 3.2% rise.Apple (AAPL) was 0.3% lower in premarket hours, swinging from a 3.6% increase in the previous session.

$AAPL$ADBE$MU$NVDA$ORCL$RDDT$SPCX$WTI
Oracle Tops First-Quarter Expectations as Cloud Infrastructure Revenue More Than Doubles
US Markets

Oracle Tops First-Quarter Expectations as Cloud Infrastructure Revenue More Than Doubles

Oracle's (ORCL) fiscal first-quarter results surpassed Wall Street's estimates as cloud infrastructure sales more than doubled year over year.Revenue increased 30% year-on-year to $19.35 billion during the three months through August, above the FactSet-polled consensus of $19.14 billion. Adjusted earnings per share rose to $1.92 from $1.47 a year earlier, compared with the Street's $1.74 view.Cloud sales advanced 62% to $11.61 billion, driven by a 121% jump in infrastructure to $7.39 billion. Wall Street expected $11.51 billion in overall cloud revenue.Oracle's remaining performance obligations -- future commitments arising from contractual relationships -- soared $209 billion year-on-year to $664 billion. The company booked more than $30 billion of AI cloud contracts in the fiscal first quarter."Customer demand for AI cloud training and inferencing services continues to grow faster than supply," the cloud computing company said late Thursday.Oracle delivered more than 300,000 graphics processing units to AI cloud customers since the end of May, nearly triple the capacity shipped during the fourth quarter.Shares were up 6.8% in after-hours trading. The stock is down 22% this year through Thursday close.Oracle's software segment edged 3% lower annually to $5.55 billion.Earlier in the week, Oppenheimer said strong results across enterprise software companies in the most recent quarter point to healthy demand, which should bode well for Oracle's cloud business."Our regression analysis foretells upside in (Oracle cloud infrastructure, or OCI) growth and RPO conversions in (the fiscal first quarter)," the brokerage said in a Tuesday note. "In combination with additional gigawatt capacity coming online, this could support higher (fiscal 2027) guidance while reinforcing the bull case that OCI demand remains supply -- not demand -- constrained."Major technology companies have reported strong annual growth rates for their cloud businesses in the latest earnings season, with Alphabet's (GOOG, GOOGL) cloud revenue surging 82% to $24.77 billion. Microsoft (MSFT) cloud computing platform Azure rallied 43%, while Amazon's (AMZN) Web Services revenue jumped 37%.Oracle expects revenue to grow by 30% to 34% in the second quarter, with cloud sales seen rising 64% and 70%. Non-GAAP EPS is expected to grow between 21% and 25%, reaching $1.85 to $1.91. Markets expect adjusted EPS of $1.89 on consolidated revenue growth of 32% to $21.18 billion.Oracle raised its fiscal 2027 non-GAAP EPS guidance to $8.10 from $8.05. The company expects at least $90 billion in full-year revenue. Analysts expect $8.07 and $89.66 billion, respectively.

$AMZN$GOOG$GOOGL$MSFT$ORCL

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