Stocks were flat to kick off the first full trading week in April – generally one of the best months for the market, stacking on an average of 2.41% during the period over the past 20 years. So far this month the major indices have fluctuated in both directions but remain little changed.
With one 25 basis point Fed rate hike out of the way for 2022, investors are heading into the new month and new quarter with a deeper understanding of how the central bank views current conditions and what course of action it will take to get the economy back on track.
Now that some of the pressure is off of markets due to clarity around the Fed’s plan, many investors are reevaluating the recent pullback in technology. Today we’re focusing on one tech name that seems to be presenting a particularly attractive opportunity in light of the recent sell-off.
Palm Beach Group:
Teeka: “Buy this Ticker ASAP” – DONT USE.
With experts projecting gains as high as 1,530% by the end of this year… Anyone who doesn’t buy this ticker will most likely regret it later. Even Forbes has confirmed that when all is said and done, “a new class of millionaires may emerge.” Unfortunately, a recent study shows that only 3% of retirees have invested in this opportunity. That means most people will miss out. Don’t be one of them. Click here and get the ticker now… no strings attached. [REVEAL TICKER]
With a market cap of nearly $208 billion, Oracle Corp (ORCL) is the second-largest software company in the world. Oracle provides information technology (IT) products and solutions to governments and companies around the globe.
In its fiscal year 2022 third quarter, ORCL’s operating income rose year-over-year to $4.81 billion, and total revenues increased 4.2% year-over-year to $10.51 billion. The consensus sees a gradual acceleration for ORCL, with $11.71 billion in revenue forecasted for Q4, which would be a 4.3% year-over-year increase.
Oracle recently announced a data storage deal with TicTok that would further support revenue growth and could serve to inspire other significant relationships for the company as the global movement to secure sensitive data advances. Plus, Oracle’s expanding presence in the healthcare sector and solid momentum in its Software as a Service (SaaS) business remain a source of encouragement.
Societe Generale analyst Richard Nguyen upgraded Oracle to Buy from Hold after the company reported Q3 results. The company’s investment capacity and “excellent execution track record” lead Nguyen to believe the company is poised to gradually step up its revenue growth while maintaining its high profitability. He views the stock as “highly defensive in this uncertain environment.” In the downturns of 2003, 2009, and 2020, Oracle showed it could preserve and even grow its margins via “excellent execution,” the analyst told investors.
The stock has slumped 7% in price year-to-date and 21% since its December high. Oracle has a trailing-twelve-months P/E of 16.64 compared to an industry average TTM P/E of 30.13. Anyone considering a position in this sought-after name might think now is a good time to strike. To sweeten the deal, ORCL rewards investors with a 1.57% dividend.
Where to invest $1,000 right now...
Before you consider buying Oracle, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Oracle.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Jeff Bezos Just Poured $10 Billion Into This…
Not many people know this story… But in 1998, Bezos invested $250,000 of his own money in Google, when the company was just getting started out of a garage in California. When Google went public in 2004, that $250,000 investment translated into 3.3 million shares of Google stock. Nobody knows if Bezos has sold any shares. If he hasn’t, today they’re worth more than $5.6 billion.Jeff Bezos is betting big on a new trend. This time he’s planning to invest $10 billion of his own money in this exciting new trend. That’s 40,000 times more money than what he invested in Google. That’s how big he thinks this could be. [Full Story…]