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Oracle has a strong long-term thesis due to its $664B RPO backlog, but faces short-term consolidation as it digests recent earnings without an immediate catalyst for upside.
Uh Brett says, "Oracle and Adobe, let's see those premiums at the open." Two of the big earnings reports. Oracle Restoration Hardware gapping up.
The first one is probably the most obvious. It is indeed Oracle, ticker OCL. It rose 6.97% in the pre-market on Friday after it reported better than expected first quarter financial results and raised its fiscal 2027 adjusted EPS guidance.