To The Moon

Oracle (ORCL) Q3 Earnings Beat Estimates, Revenues Rise Y/Y Oracle ORCL reported third-quarter fiscal 2023 non-GAAP earnings of $1.22 per share, which beat the Zacks Consensus Estimate for earnings by 1.67%. The bottom line was up 13% year over year at constant currency or cc. Management had guided non-GAAP earnings per share (EPS) to grow between 4% and 8% and be between $1.17 and $1.21 in USD. Revenues increased 18% (up 21% at cc) year over year to $12.39 billion and beat the Zacks Consensus Estimate by 0.03%. The top-line performance was mainly driven by strength in infrastructure and applications cloud businesses. For the fiscal third quarter, Oracle had anticipated total revenues to grow in the range of 21-23% in cc and 17-19% in USD. Revenues from the Americas added $7.67 billion to

Silver price extended its losses for the second consecutive day after hitting a nine-month high around $24.54 on Tuesday, plunging more than 2%. Robust labor market data in the United States (US) increased speculations for further tightening by the Federal Reserve (Fed), as shown by US Treasury yields rising. Therefore, the XAG/USD is trading at $23.20 after hitting a daily high of $23.91. US employment data dampened traders’ mood. Private hiring increased in December, as the ADP Employment Change report showed the US economy added 2345K jobs crushing estimates. Some minutes following the release, the US Department of Labor (DoL) revealed that Initial Jobless Claims for the last week fell to their lowest level since late September, at 204K vs. 225K estimated. The same report flashed Contin

Market News The Hong Kong stock market was weak in the third quarter, with the Hang Seng Index falling by a cumulative 21.2%. However, the southward capital continued to plunge, with a net inflow of nearly 40 billion yuan into Hong Kong stocks in the third quarter. Among them, the southward capital net inflow of 30.959 billion yuan in September, has been a net inflow for 10 consecutive months, showing that the more the mainland funds fall, the more buy the trend. In addition, Hong Kong stocks set off a wave of buybacks in the third quarter, the buyback amounted to 32.8 billion Hong Kong dollars, the first three quarters of the buyback amounted to about 65.3 billion Hong Kong dollars, a record high. On Friday, the U.S. September non-farm payrolls report curbed all hope of a dovish turn by t

Fed officials, such as Mester, continue to make hawkish remarks, emphasizing further interest rate hikes. OPEC+'s sharp production cuts help oil prices sprint "five consecutive rises", and is expected to record the largest weekly increase since March. After the release of the US non-farm payrolls data, the UK 20-year bond yield rose to 4.537%, the highest since September 28. In normal times, strong job growth and rising wages would be considered good news. But now, as the Fed tries to beat inflation, a strong job market is just what the U.S. economy doesn't need. A stronger-than-expected jobs report would have a negative sentiment effect on markets by signaling that the Fed needs to take more aggressive rate hikes on inflation. Conversely, a weaker-than-expected jobs re

Before the U.S. stock market opened, the three major futures fell short-term after the data was released. Nasdaq futures fell 1.33%, S&P 500 futures fell 0.60%, and Dow futures fell 0.30%. Chip stocks did not do well, with AMD leading the decline, falling more than 5% before the market, while Nvidia, Intel, and TSMC all fell nearly 3%. In terms of ETFs, 3 times short semiconductor ETF $SOXS rose more than 7% in pre-market, 2 times short Bloomberg Natural Gas ETF $KOLD rose more than 3% pre-market.

U.S. stock index futures fell in pre-market trading on Friday (7th) after data showed that the U.S. labor market was very strong in September, with most sub-data stronger than expected. U.S. Bureau of Labor Statistics: The change in total nonfarm payrolls in July was revised up by 11,000 to 537,000 from 526,000; the total number of nonfarm payrolls in August was unchanged at 315,000. On a revised basis, employment growth in July and August combined was 11,000 higher than previously reported. However, the year-on-year decline in average hourly earnings fell from 5.2% to 5.0%, and the monthly rate remained unchanged at 0.3%. After the data was released, stock index futures plunged, and Dow futures fell below the 30,000-point mark; US dollar index futures jumped, returning to above the 112 ma

U.S. stock index futures fell in pre-market trading on Friday (7th) after data showed that the U.S. labor market was very strong in September, with most sub-data stronger than expected. U.S. Bureau of Labor Statistics: The change in total nonfarm payrolls in July was revised up by 11,000 to 537,000 from 526,000; the total number of nonfarm payrolls in August was unchanged at 315,000. On a revised basis, employment growth in July and August combined was 11,000 higher than previously reported. However, the year-on-year decline in average hourly earnings fell from 5.2% to 5.0%, and the monthly rate remained unchanged at 0.3%. After the data was released, stock index futures plunged, and Dow futures fell below the 30,000-point mark; US dollar index futures jumped, returning to above the 112 ma

U.S. stocks rebounded two days later fell again, although the current look is the rebound phase, but the pressure risk still exists, the recent sharp decline in new energy, chip market demand weakened. Are we due for a modest rebound this week ahead?

The three major U.S. stock futures indexes expanded, the international oil prices continued to rise throughout the day, with both the cloth oil and U.S. oil up more than 4%. In terms of individual stocks in the sector, Credit Suisse U.S. stocks fell nearly 5% before the market, today foreign media rumors that the company is on the verge of bankruptcy. Tesla fell more than 5%, third quarter deliveries of 343,800 units, less than market expectations. Benefiting from higher oil prices, oil stocks are higher in pre-market, with Marathon Oil up 4%, Chevron up over 3% and Occidental Petroleum up over 2%. Faraday Future extended its pre-market decline to 10% after the company's board recommended a vote in favor of a reverse stock split proposal. In addition, according to data released by S&

Credit Suisse U.S. stocks fell nearly 5% before the market, today foreign media rumors that the company is on the verge of bankruptcy. Tesla fell more than 5%, third quarter deliveries of 343,800 units, less than market expectations. Benefiting from higher oil prices, oil stocks are higher in pre-market, with Marathon Oil up 4%, Chevron up over 3% and Occidental Petroleum up over 2%. Faraday Future extended its pre-market decline to 10% after the company's board recommended a vote in favor of a reverse stock split proposal.