To my knowledge, ORCL has been oversold for quite some time. They nearly made a deal with MSFT and bounced well over 200… they’re now back below $130 which is the lowest I’ve ever seen them. How is this not the strongest buy in the market right now?
IBM posted weak earnings just now and dropped over 20% today. They’re back at an old support level. Sales impacted by expensive memory, so it’s an inflationary problem eating up their profit margin.
Which of these two would you buy today, which would you avoid, and why?
Details on the non-deal between ORCL and MSFT: https://finance.yahoo.com/technology/articles/msft-falls-2-tuesday-microsoft-000206267.html
Details on IBM’s earnings plummet:
https://finance.yahoo.com/news/ibm-stock-plummets-more-than-25-on-q2-earnings-warning-150605880.html
