ORCL (Oracle) could grow to be Ebenezer Scrooge in the middle of all the joy due to today’s 3% proceed higher. Just prior to Christmas, today’s market restored the Bull’s hopes for any more positive 2012 compared to year we’re finishing. If ORCL is actually typical, many stocks seem like they spent this particular year’s flat market to create some really large, compelling and rising patterns.
What makes ORCL today’s Scrooge is it fell 9% in order to 26. 54 within after-hours trading. Based on Business Insider, “The organization just blew it's latest quarter: income came in from $0. 54 for each share (non-GAAP) upon $8. 79 million in revenue. Walls Street was anticipating $0. 57 upon $9. 23 million. ” What a positive change 3 pennies could make! It almost doesn’t matter what the organization says, according towards the Herd on Walls Street, “this looks nearly the same as a company milking it's existing cash cows without having signing up lots of new customers or even building new higher growth businesses. ”.
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