Oracle Stock Jumps as CEO Touts Cloud Deal
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Oracle (ORCL) shares surged to an all-time high Monday as CEO Safra Catz touted what she called a “strong start” to fiscal 2026 for the tech giant, with several new cloud deals.
The stock was up about 5% recently near $220. After setting an intraday record $228.22 earlier in the session, it’s on track to beat last Tuesday’s closing high. The move also made it one of the best-performing stocks in the S&P 500 Monday.
“Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28,” Catz said in a filing with the Securities and Exchange Commission Monday ahead of a meeting with others at Oracle.
Separately, analysts at Stifel reportedly raised their price target for Oracle stock to $250 per share from $180, pointing to Oracle’s strong cloud growth. With the move, Stifel joins UBS at $250, representing the highest target for the stock among analysts surveyed by Visible Alpha.
The news comes after Oracle earlier this month delivered better-than-expected results for the fiscal fourth quarter, sending shares higher in the wake of the report. Catz said at the time that Oracle expects cloud infrastructure growth to increase from 50% in fiscal 2025 to more than 70% in fiscal 2026, ahead of Wall Street analysts’ projections.
With Monday’s gains, Oracle shave have added roughly a third of their value in 2025 so far.
Why Jefferies Analysts Think Disney Stock Can Keep Rising
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Disney has set the stage for its stock to retouch levels last seen in 2022, Jefferies analysts said.
Jefferies on Monday upgraded Disney (DIS) stock from “hold” to “buy,” forecasting that its operating income will grow for the first time in nearly a decade. Favorable trends in theme park admission, cruise bookings and streaming subscriptions should contribute to the transition, analysts said.
Disney shares were recently up about 1%, trading for about $124. They’ve gained 11% so far this year, steadily rising since mid-April, when the White House softened its approach to tariffs. Their climb may only be beginning, Jefferies said: It raised its price target for Disney shares to $144—the third highest target shared by analysts who follow Disney and are tracked by Visible Alpha, where the average target is around $131.
“Since 2016, [Disney] has juggled several factors … leading to limited [operating income] growth and limited stock appreciation,” Jefferies wrote in a note that credited CEO Bob Iger with improving the company’s outlook. “However, we believe Iger and co. have finally righted the ship, and the drivers ahead can change this dynamic.”
Jens Büttner / picture alliance / Getty Images
Disney plans to add two cruise ships to its fleet in early 2025, which could bolster revenue by about $1 billion to $1.5 billion, according to Jefferies’ estimates. Travel and tourism spending is holding up better than anticipated, which should help Disney’s theme parks, analysts added.
The outlook for Disney’s streaming services is also bright, analysts said. Analysts estimate Disney+ can add 5 million subscribers annually over the next few years and boost advertising revenue thanks, in part, to an Amazon (AMZN) partnership that allows for more targeted ads.
Palantir Partners With Accenture on AI Government Work
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Palantir (PLTR) shares jumped Monday as the tech company said it was partnering with Accenture (ACN) for its work with the federal government.
“Together, the companies will deploy commercial-grade, AI-powered solutions to address federal agencies’ highest priority operational challenges, from optimizing and orchestrating mission-critical workflows to enhancing decision-making and increasing operational resilience,” the companies said.
Accenture’s team of 1,000 federal government work-focused employees will be trained to use Palantir’s artificial intelligence platform, which the companies said will “establish a premier joint delivery capability of cutting-edge automation for the federal government.”
Palantir’s stock has been propelled to a number of record highs this year as its work with the federal government has expanded. Meanwhile, certain metrics in Accenture’s last two earnings reports have fallen short as the company has said the Trump administration’s focus on cutting spending has slowed its sales of government contracts.
“We’re investing in building a scalable capability with Palantir that will deliver AI-enabled decision-making capabilities directly into the fabric of government agencies so leaders can act decisively and deliver greater results faster,” Accenture Federal Services CEO Ron Ash said.
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Palantir shares were up nearly 6% recently, while Accenture shares rose slightly. Palantir shares have surged more than 80% since the start of the year, while Accenture’s have lost nearly 16% of their value so far in 2025.
Big Banks Rise After Strong Stress Test Results
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Shares of major banks, including JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC), advanced Monday after the Federal Reserve said those institutions could easily survive a recession.
In its annual stress tests designed to gauge how well financial firms could stand up to a crisis put in place following the Great Recession, the Fed said late Friday that the banks have sizable amounts of money to withstand a major blow.
Fed Vice Chair for Supervision Michelle Bowman noted that large banks “remain well capitalized and resilient to a range of severe outcomes.”
This year’s stress test looked at what would happen if the 22 institutions surveyed faced a massive $550 billion loss as borrowers defaulted on their payments. The Fed noted that all 22 have enough cash available to remain above what is considered their minimum capital requirements.
In a note to clients, Bank of America pointed out that the results were better than most investors expected, adding that Goldman Sachs had the biggest year-over-year improvement.
The news lifted shares of JPMorgan Chase and Goldman Sachs to all-time highs.
HPE, Juniper Soar as DOJ Approves Deal
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Shares of Hewlett Packard Enterprise (HPE) and Juniper Networks (JNPR) jumped Monday after the two tech firms and the Department of Justice (DOJ) announced they had reached a deal to allow HPE’s $14 billion purchase of Juniper to go through.
Regulators had filed a lawsuit in January to block the acquisition, arguing that because of the companies’ strength in wireless local area network (WLAN) technology, the combination “would eliminate fierce head-to-head competition between the companies, raise prices, reduce innovation, and diminish choice for scores of American businesses and institutions.”
HPE, Juniper, and the DOJ said the settlement satisfies the government’s requirements, including having HPE divest its global Instant On campus and branch WLAN business, and that the merged firm will make Juniper’s AI Ops for Mist source code available to rivals.
The purchase of Juniper by the provider of IT solutions to businesses was aimed at boosting HPE’s position in the booming market for artificial intelligence products. “For the first time, customers will now have a modern network architecture alternative that can best support the demands of AI workloads,” HPE CEO Antonio Neri said.
The news lifted Juniper Networks shares 9% and into positive territory for 2025. Shares of Hewlett Packard Enterprise soared 14% to lead early S&P 500 gainers Monday but remain in the red for the year.
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S&P 500 Levels to Watch With Index at Record Levels
3 hr 56 min ago
The S&P 500 inched higher to a fresh record in early trading Monday, extending a remarkable recovery from its early-April lows.
The benchmark index has resumed its longer term uptrend after recently breaking out from a flag pattern, a move that sees the 50-day moving average (MA) set to cross above the 200-MA this week to form a bullish golden cross signal.
While the relative strength index entered overbought territory on Friday, the indicator remains well below last year’s July peak following a bullish six-week run, indicating the index has sufficient room to move higher.
Bars pattern analysis forecasts a potential overhead target of around 6,460 and indicates the current move higher could last until early August. Investors should also watch key support levels on the S&P 500’s chart around 6,050 and 5,850.
The S&P 500 dropped as much as 21% between late February and early April before staging a turnaround that lifted the index to a 5% year-to-date gain as of Friday’s close. The index was up 0.2% at around 6,190 about half an hour after Monday’s opening bell.
Read the full technical analysis piece here.
Another Banner Month for U.S. Stocks
5 hr 14 min ago
The major stock indexes are on track for their second consecutive month of strong gains.
Heading into the final trading session in June, the S&P 500 has risen 4.4% for the month, after climbing 6.2% in May. The Nasdaq Composite is up 6.1% in June, adding to the previous month’s 9.6% gain. The Dow Jones Industrial average has tacked on 3.7% so far this month, after a 3.9% increase in May.
Since the start of the year the S&P 500 and Nasdaq have risen 5%, while the Dow has gained 3%.
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It’s been a rocky road to record highs.
Stocks plunged in early April amid concerns about the Trump administration’s tariff policies and how they could affect the economy. The S&P 500 was down 15% year-to-date at its low point, while the Nasdaq was down more than 20% for the year at that point.
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Concerns about tariffs have subsided over the past several weeks, while economic data and corporate earnings have been generally encouraging. With the improvement in investor sentiment, the Nasdaq has soared 33% since hitting its low for the year on April 8, while the S&P 500 has surged 24%.
Major Index Futures Point to Higher Open
6 hr 2 min ago
Futures tied to the New York Stock Exchange were up 0.6%.
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S&P 500 futures added 0.5%.
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Nasdaq 100 futures rose 0.6%.
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