ORCL Thoughts hook Nov 6
$ORCL is 65% off its high and I'm about 10% under my cost. I think it breaks $100 before it bottoms and I plan to buy more when it does. I went through the cash burn, the debt and the $664B backlog to see if that's crazy.
https://aseemkishore.com/thoughts/down-on-oracle-buying-more-under-100
Not financial advice. For informational and educational purposes only.
How much of Thursday's 12% chip wipeout did Friday win back?
How much of Thursday's 12% chip wipeout did Friday win back? By the 4% SOX reading Yahoo Finance reported, about a third. I'm treating the Nov. 6 bounce as relief, and I'm still skeptical on semis. The PHLX Semiconductor Index fell about 12.25% on Nov. 5, its worst day…
Roughly 14%. That's the midpoint haircut in Bloomberg's report on Anthropic's IPO valuation talk, and it puts my on-the-record call of…
Roughly 14%. That's the midpoint haircut in Bloomberg's report on Anthropic's IPO valuation talk, and it puts my on-the-record call of $2T+ at IPO under real pressure. Bloomberg reported on Nov. 6 that prospective investors are discussing $1.2T to $1.3T, down from earlier estimates around $1.4T to $1.5T.…
Afternoon update
Chips led a partial market rebound as strong jobs data supported gains, while earnings misses and downgrades drove sharp stock losses.
Chips led Friday's partial rebound from Thursday's Nasdaq rout, the index's steepest drop in 19 months. The Nasdaq rose 1.42% and the S&P 500 rose 0.71%. $AMD gained 9.2% and Intel 8.1%, and Micron also moved higher. The semiconductor basket rose 4.58% with…
Midday update
JFrog surged after raising guidance while Axon fell on a forecast cut, as company outlooks drove Friday's market.
$FROG is up 32.07% at midday Friday, leading a session where guidance set the direction. The S&P 500 is up 0.94% and the Nasdaq is up 1.72%. Gainers: JFrog raised full-year guidance to adjusted EPS of $1.14-$1.16 on revenue of $680M-$682M, ahead…