Dec 9th Market Update - Oracle shares slide on earnings miss

$IRM $IT $ORCL

Author

Mukund Mohan
December 09, 2024

Market

“Oracle share slid more than 5% on an earnings miss of 1C ($1.46 vs $1.47 estimated) and $14.06B in revenue vs $14.10 estimated. The shares are up more than 80% so far this year” 😊 😋

All 3 indices slid on no major news, but that the market has been overbought

While Nvidia slid on the news that China is seeking to get more information on it monopolist status on its acquisition of Mellanox, the other stocks were muted to lower - But Apple did well on the day as did United Healthcare.

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