Diamonds and Dogs

3/12/24

Oracle is the diamond up 11% thanks to strong demand for its cloud services that was in part powered by growing interest in AI. William Blair upgraded the stock to Outperform from Market Perform while BMO Capital Markets raised its target for the stock to $142 from $126. 

The dog of the day goes to Boeing down 3% to new lows for the year as deliveries have been slow, the FAA audit of Boeing found more planes that failed inspections and finally a whistleblower that used to work at Boeing was found dead of apparent suicide.

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