ACB Jun 2024 1.500 put
- Yahoo Finance Video
S&P 500, Nasdaq new highs, Oracle earnings: Market Domination Overtime
On today's edition of Market Domination Overtime, Yahoo Finance's Julie Hyman and Josh Lipton analyze the market close and the biggest stories of the trading day. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closed at another set of record highs. Meanwhile, the Dow Jones Industrial Average (^DJI) fell by 120 points as stocks prepare for Wednesday's Consumer Price Index (CPI) and the Federal Reserve's interest rate decision. Oracle's (ORCL) fourth-quarter earnings results missed Wall Street estimates, as adjusted revenue came in at $14.29 billion, below the $14.57 billion expectation. However, the tech giant announced a new partnership with Google Cloud (GOOG, GOOGL) and OpenAI has selected its Oracle Cloud Infrastructure "to extend" Microsoft's Azure AI platform (MSFT), causing the stock to jump. Synovus Trust Senior Portfolio Manager Dan Morgan explains, "They generate about 38% of their revenues right now from cloud. And Oracle's got a great opportunity." Finally, Julie Hyman and Josh Lipton break down the biggest stories investors should watch for on Wednesday, June 12, from Fed Chair Jerome Powell's press conference to Broadcom (AVGO) earnings. This post was written by Melanie Riehl
- Yahoo Finance Video
Fed decision, May CPI, Broadcom earnings: What to Watch
Yahoo Finance's Julie Hyman and Josh Lipton break down the biggest stories investors should watch for on Wednesday, June 12. The Federal Reserve will announce its latest interest rate decision as well as release an updated dot plot. Fed Chair Jerome Powell will hold a news conference at 2:30 p.m. ET to give an update on the state of inflation and the health of the economy. May's Consumer Price Index (CPI) will be released ahead of the Fed decision, at 8:30 a.m. ET. Broadcom (AVGO), Dave & Buster's (PLAY), and Aurora Cannabis (ACB) are all expected to report earnings. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- The Motley Fool
Slow Burn: Is Aurora Cannabis Finally a Good Buy in June?
One of the benefits of choosing from some of the most beaten-down market segments like cannabis is that even a little bit of market positivity can lead to solid profits. The post Slow Burn: Is Aurora Cannabis Finally a Good Buy in June? appeared first on The Motley Fool Canada.
