To The Moon

Oracle stock up on impressive cloud revenue $Oracle(ORCL)$ jumped 14% after-hours following the announcement of mixed financial results and a quarterly cash dividend of 40 cents per share. This surge was propelled by substantial new cloud contracts and AI demand, with Oracle CEO Safra Catz highlighting a record 29% growth in total remaining performance obligations, exceeding $80 billion. ORCL also reported a whopping $12.3 billion in free cash flow for the past twelve . Oracle stock has now gained roughly 50% over the past twelve months. Oracle Q3 earnings snapshot *Earned $2.4 billion versus the year-ago $1.89 billion *Per-share earnings also climbed from 68 to 85 cents *Adjusted EPS printed at $1.41 as per the earnings report *Revenue jump

In my view, the recent slump in the major US indices, particularly the 1.7% drop in the Nasdaq fueled by declines in tech giants like Apple, Microsoft, and Tesla, raises questions about the market’s direction. While some may interpret this as a minor pullback, others might see it as the beginning of a broader reversal. Personally, I lean towards a cautious bearish stance given the uncertainty surrounding the central bank’s upcoming remarks and the potential for further market volatility. It’s essential for investors to remain vigilant, reassess their positions, and adopt strategies that align with their risk tolerance amidst these turbulent market conditions.

In my opinion, Bitcoin’s recent price fluctuations highlight the inherent volatility of the cryptocurrency market. While the surge to $67,002.84 after Tuesday’s sell-off is encouraging, the rapid swings from historic highs to lows below $60,000 raise concerns about market stability. It’s difficult to determine whether this is the start of a sustained rally or merely a temporary uptick before another downturn. Given the unpredictable nature of Bitcoin and the multitude of factors influencing its price, I believe it’s crucial for investors to remain cautious and informed, adapting their strategies accordingly to navigate the uncertainty ahead.