Fast Money Blog- 3/15/24

What a fantastic quarter for Oracle Corporation (ORCL), as the company released its Q3 2024 earnings on Monday, March 11th.

Check out these amazing highlights:

Total Revenue came in at $13.3 billion for Q3, up 7% year-over-year. 

Cloud revenue for the quarter came in at a total of $5.1 billion, up 25% year-over-year. 

Cloud Infrastructure revenue for Q3 was $1.8 billion, up 49% year-over-year. 

Application subscription quarterly revenue, which includes product support, was $4.6 billion, up 10% year over year.

For over the past 20 years Oracle has been a huge, but quiet, winner in every aspect of technology. In the last 5 years the shares have gone from $55.33 to today’s price of above $124.

This stock is a huge winner for the active trader and patient investor. 

I highly recommend Oracle stock as they will be one of the winners in the AI universe.

In other news on Tuesday, March 12th, the Labor Department released the CPI report for the month of February. Data showed that consumer prices increased 0.4% for the month and 3.2% from a year ago. An increase in energy costs was the main factor behind the 3.2% inflation number. 

As we start our run into Q1 earnings I see many of our favored Wealthy Investor stocks, like Microsoft Corporation (MSFT), Costco Wholesale Corporation (COST) and The Home Depot, Inc. (HD) rising 5% to 10% over the next 60 days.

Stay patient and stay positive!

Tyrone Jackson, The Wealthy Investor