Markets expect volatility in the S&P 500 during June as major earnings reports approach. Oracle leads the list of anticipated reports after its stock saw a 35% move following previous results. An analyst from RBC Capital raised the price target for Oracle to $190.00 ahead of its fiscal fourth-quarter earnings report. RBC Capital also maintained an 'Outperform' rating for Chewy as its P/E ratio decreased from 95 to 41. Oracle is expected to report earnings of $1.96 per share on $19.09 billion in revenue on June 10.
Oracle eyes a recovery of record highs on Wednesday, while Adobe tests critical support near 52-week lows ahead of its Thursday earnings release.
Read the full storyIn a move highlighting the immense cost of the AI race, Oracle Corp. announced plans to raise up to $40 billion in debt or equity to fund its infrastructure expansion, causing the stock to tumble after an initial post-earnings pump.
Major players across tech, retail, and industrial sectors are set to report financial results on June 10, providing critical updates on corporate performance.
Oracle prepares to report fiscal results following four consecutive EPS beats and a significant price target hike from Evercore ISI.
RBC Capital hiked Oracle's price target to $190, citing 81% cloud infrastructure growth and momentum from its OpenAI partnership.
Analysts warn of a potential June swoon for the S&P 500 as the index tests valuation limits ahead of key earnings reports.
Oracle and Chewy are expected to report earnings growth next week, while Stitch Fix faces potential negative results amid a shifting consumer landscape.