To The Moon

As $S&P 500(.SPX)$ continues to break out, several stocks hit all-time-high. They are $Microsoft(MSFT)$ , $Apple(AAPL)$ , $Oracle(ORCL)$ and $Lennar(LEN)$ .

1. $Microsoft(MSFT)$ rose to a new high of $351.47 on 16th June.

Microsoft's shares have reached a record high following positive remarks from analysts at JPMorgan Chase regarding the company's growth prospects in artificial intelligence (AI). The stock rose to $351.47, surpassing its previous all-time high reached in November 2021.

This surge in share price coincided with a broader market rally after the Federal Reserve's announcement that it would not raise interest rates.

Following the recent event, JPMorgan analysts raised their price target for Microsoft's stock from $315 to $350. They expressed confidence in Microsoft's long-term success across various areas, including Security, Teams, Power Apps, and the forward-looking investments in OpenAI/ChatGPT.

2. $Apple(AAPL)$ rose to a new high of $186.99 on 16th June.

The new product, Vision Pro, to be released by Apple next year, will bring a disruptive upgrade experience. Despite a decline in Apple's stock price after the WWDC, institutions remain bullish.

Institutions have been consistently selling a large number of ATM put options. The institutions believe that on or before November 17th, Apple's stock price will remain stable above $180.

3. $Oracle(ORCL)$ rose to a new high of $127.54 on 15th June.

Oracle's shares jumped 6% after the company announced its fiscal fourth-quarter results and provided quarterly revenue guidance that exceeded Wall Street's expectations.

Adjusted EPS: $1.67, surpassing analysts' expectations of $1.58.

Revenue: $13.84 bln, higher than the expected $13.74 bln.

Larry Ellison, Oracle's chair and technology chief, revealed that the company would introduce a generative artificial intelligence cloud service through a partnership with startup Cohere. This service aims to protect the privacy of enterprise customers' training data and enable them to utilize their own private data to train specialized large-language models.

4. $Lennar(LEN)$ rose to a new high of $121.95 on 16th June.

Lennar, the homebuilder shares rose 4% after the homebuilder's quarterly results and raised forecast topped Wall Street estimates.

EPS: $3.01, surpassing analysts' expectations of $2.33.

Revenue: $8.05 bln, higher than the expected $7.22 bln.

The company reported second-quarter net income of $871.7 million, or $3.01 a share, compared with $1.32 billion, or$4.49 a share,in the year-ago period.

Revenue fell to $8.05 billion from $8.36 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $2.33 a share on revenue of $7.22 billion.