Oracle Corporation (ORCL)

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Stock To Watch In The Coming Week: Oracle (NYSE:ORCL)
By: Investing.com | June 12, 2022

Inflation and interest rates will likely once again dominate the market trading agenda in the upcoming week after US government data last Friday showed there was no let-up in price pressures to the economy during the month of May.

US inflation accelerated to a fresh 40-year high last month, a sign that these price pressures are becoming entrenched in the economy, pushing the Federal Reserve to extend an aggressive series of interest-rate hikes.

The Fed is widely expected to raise the fed funds rate by a half point Wednesday and again next month, but this past Friday’s very hot consumer inflation report fueled speculation that policymakers may make a case for a bigger hike.

Stocks reacted negatively after the CPI release with the S&P 500 falling 5.1% for the week. Amid renewed concerns about inflation and the path of US monetary policy, below are three stocks we’re monitoring closely in the week ahead:

Oracle

Software and infrastructure giant Oracle (NYSE:ORCL) will release its fiscal 2022, fourth-quarter earnings report on Monday, June 13, after the market close. Analysts are projecting $1.37 a share profit on sales of $11.62 billion.


ORCL Weekly TTM

In March, the Austin, Texas-based Oracle gave an upbeat forecast for its cloud-computing business, helped by higher sales from its cloud division that could finish the fiscal year with the growth rate in the mid-20s. Total revenue in the past quarter was expected to gain as much as 5%.

Oracle has been trying to fuel growth in its cloud business and create a bigger imprint in the fast-growing market, which is led by Amazon, Microsoft (NASDAQ:MSFT) and Alphabet's (NASDAQ:GOOGL) Google. Cloud revenue rose 24% to $2.8 billion in the fiscal third quarter, which ended Feb. 28.

Oracle shares, which closed on Friday at $67.14, have slumped by 23% this year amid a widespread sell-off in tech stocks.

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