Tag: Mizuho
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Oracle Starting to Come Back Strong, as Hoped
Oracle’s weakness became an opportunity. As we noted just yesterday, “Investors may want to take advantage of the pullback to less than $110. At this point, the $18 drop appears to be a severe overreaction.” Turns out it was a good call. Not only did ORCL catch support, but it’s starting to move higher, as…
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Use Crisis at Oracle as Opportunity
Tech stocks took a header on poor Oracle earnings today. The company, which was expected to ride the artificial intelligence wave, disappointed the Street. In fact, according to analysts at Cowen, “Expectations were high, and while we thought this was a solid cloud number, there was no upside to [Oracle cloud infrastructure] and it wasn’t…
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Oversold Shares of Block Could See Near-Term Upside
Keep an eye on Block Inc. (SQ). After plummeting on earnings, the stock appears to have caught support at $63.55. It’s also now oversold on RSI, MACD, and Williams’ %R, and could pivot to refill its bearish gap around $74 shortly. Other analysts like the stock here, too. Mizuho analysts, for example, have a buy…
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Okta About to Refill its Bearish Gap
On March 2, we noted, “Keep an eye on Okta (OKTA). After Cowen analysts upgraded the stock to an outperform rating from market perform, with a $70 price target, the stock took off. Since the start of 2023, OKTA ran from about $60 to $81 so far. From here, we’d like to see it initially…
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Weakness in Expedia Group May be an Opportunity
The pullback in Expedia Group (EXPE) appears to be overkill. At the moment, the stock is down about $24 a share. All after the company said it lost 47 cents a share on $2.25 billion in revenue. Analysts were looking for a loss of 62 cents on $2.23 billion in revenue, which isn’t terrible at…