Diamonds and Dogs
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6/12/24
Oracle (ORCL) is the diamond today following earnings. The software giant is up to Oracle up 12% to a new high even as earnings and sales missed estimates. Sales actually only grew 3%, But going forward, the company did announce cloud deals with Google Cloud and Open AI.
Energy is one of the few sectors lower even as the price of oil is modestly higher. Valero Energy (VLO) is down 3%. Recent data shows U.S. gasoline stockpiles rose by 2.6 million barrels even as demand is increasing heading into the summer driving season. Daily average fuel demand has been tepid, or 1.5% lower compared to same period last year.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.