Tomorrow will be an interesting test for the S&P. Will revenue estimates going up significantly for AI company $ORCL matter more to the stock market being driven lower by the major technology stocks or the first major datapoint on US consumer demand cracking by $DAL?
Oracle, while missing revs/EPS for the quarter, guided FY26 (May) revs to +15% (consensus 13%) & FY27 +20% (consensus 14%). This was the best outlook by far of the major hyperscalers after revenue estimates went lower for $AMZN, $MSFT and $GOOGL following their results. Benefits from Oracle’s close ties to the current US government and recent Stargate announcement with OpenAI and Softbank are clearly helping their outlook.
But as I wrote Sunday, “In the near-term, given the heightened tariff (uncertainty), spending decisions by corporations may be delayed putting Q1 estimates at risk & forward guidance for Q2.”
In this regard, Delta negatively pre-announced & guided EPS to roughly half the prior level for the quarter citing the impact on their domestic business from a reduction in consumer & corporate confidence caused by increased macro uncertainty. This is the big fear. All this tariff uncertainty will impact spending and drive the US into a recession. The magnitude of the miss by Delta is not encouraging for other companies given we still have 3 weeks still left to go in CQ1.
Costco, $COST, plans to build apartments above its stores starting early this year. This would be the retailer's first U.S. residential complex with a built-in store, and it would pay rent to Thrive to reduce the developer's need for government subsidies.
🚨 JOE BIDEN HAS COMMITTED IMPEACHABLE OFFENSES🚨
Today, we are releasing our report on the impeachment inquiry of President Joe Biden, finding he committed impeachable offenses.
The evidence produced by our impeachment inquiry is the strongest case for impeachment of a sitting president the House of Representatives has ever investigated.
Americans now know Joe Biden was ‘the brand’ the Bidens sold around the world to enrich the Biden family, and Joe Biden knew of, benefitted from, and participated in his family’s influence peddling schemes.
Our report details evidence to establish President Biden abused his office and violated his oaths of office as Vice President by engaging in a conspiracy to peddle influence to enrich his family. Then as President, Joe Biden and the Biden-Harris Administration obstructed the House of Representatives’ impeachment inquiry and the criminal investigation of President Biden’s son.
Read our full report here: https://t.co/3jIYh8EOCf