Oracle

ORCL

Market cap $649B

Oracle Corporation (NYSE:ORCL) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.On May 29 at 10:43 AM EST, ORCL triggered a Power Inflow signal at a price of $215.49. ORCL's price experienced some pullback after an initial price rise during the opening hour of trading, declining slightly prior to the Power Inflow alert.

Oracle Corp (NYSE:ORCL) shares are jumping on Friday. Buyers are piling into large‑cap Technology while the broader market grinds higher.

Even stocks in the beleaguered software industry have been on fire.

Democratic senator Ed Markey on Friday asked ​a TikTok U.S. joint venture ‌and Oracle to answer questions about the security of the data ​from Americans using the ​short video platform and efforts ⁠to prevent foreign manipulation ​of its content recommendation algorithm.

Tech stocks look bullish again on Friday, as interest rates in the US have started to drift lower again.

Industry Description

At $192.08, Oracle (NYSE:ORCL | ORCL Price Prediction) screens favorably on backlog and valuation, with shares down sharply from last fall's peak but sitting on an AI cloud backlog few peers can match.

Shares in Oracle have gained about 16% since my last update, while its forward earnings multiple has increased to 25x from 19x previously. The gains follow renewed overall market bullishness, as well as Oracle's own operating performance, which is coming in better than expected. The company is expected to release its Q4 in early June.

Earnings from Snowflake appear to have flipped the script for the market. Software stocks jump as chip makers struggle.

Oracle (ORCL 1.21%) is spending significant sums to build data centers.