Wall Street hits record highs, S&P 500 pierces 2,500
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- S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Drexel Hamilton Reiterates Buy on Oracle (ORCL) Following 1Q
September 15, 2017 9:27 AM EDTDrexel Hamilton reiterated a Buy rating and $62.00 price target on Oracle (NYSE: ORCL) following the company's 1Q earnings release. Oracle reported non-GAAP sales of $9.21 billion, which beat the consensus of $9.03 billion. Pro forma EPS of $0.62 surpassed consensus of $0.60.
For 2Q:FY18,... More
