News Formal

Oracle's post-earnings slide is 'one of the greatest overreactions' Cramer has seen. Here’s his advice on the stock

  • 📰 CNBC
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The post-earnings sell-off in Oracle (ORCL) is overdone and a clear-cut buying opportunity, Jim Cramer said Tuesday.

Shares of the Club holding tumbled more than 12% Tuesday after the business software maker reported mixed fiscal first-quarter results Monday . Oracle's earnings-per-share topped expectations in the three months ended Aug. 31, but revenues came up slightly short. Management's sales growth guidance for the current quarter also was light.

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange in New York City, U.S., July 12, 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer: These things could soon break the bulls' way, plus 4 stocks to buyWe have had some tremendous bull markets take off from these interest rate levels.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayStocks are on track to open the week higher, as investors look ahead to a raft of U.S. economic data.
Source: CNBC - 🏆 12. / 72 Read more »

Here are the 16 stocks Jim Cramer is watching, including Twinkie deal, auto strike riskHere are some of the tickers on my radar for Monday, Sept. 11, taken directly from my reporter’s notebook.
Source: NBCDFW - 🏆 288. / 63 Read more »