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On Thursday, September 11, financial markets will be closely watching a trio of key economic data releases that will provide new insights into the state of the U.S. economy and could influence expectations for future Federal Reserve policy.
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Oracle Corp.’s latest earnings report has triggered a historic day for the company and its stock, fueled by unprecedented demand for its cloud services, particularly from the artificial intelligence sector. While the reported earnings per share of $1.47 slightly missed some analyst estimates, and total revenue of $14.9 billion was a modest 12% increase year-over-year, these figures were completely overshadowed by the company’s bold future projections and massive contract backlog. The company announced its remaining performance obligations (RPO)—a measure of future contracted revenue—skyrocketed by 359% to $455 billion, with executives stating they expect it to exceed half a trillion dollars soon. This massive backlog, which reportedly includes a significant five-year, multi-billion-dollar deal with OpenAI, has instilled extreme confidence in investors about Oracle’s long-term growth.
Global financial markets are on edge today as investors eagerly await further signals from the U.S. Federal Reserve regarding its monetary policy path. Persistent inflation, which has shown signs of stubbornness in recent economic data, continues to be the dominant narrative, fueling speculation about the timing and magnitude of potential interest rate adjustments.
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Is there a bubble in markets driven by AI, and should you be concerned? This week on Rise UP!, Rise Growth Managing Partner Terri Kallsen sits down with Grimes & Company CEO/CIO Kevin Grimes and Financial Advisor Christopher Deeley to unpack the biggest stories moving markets ahead of Fed Chair Jay Powell’s highly anticipated Jackson Hole address. From the U.S. government weighing a stake in Intel, to Warren Buffett’s bold $5M UnitedHealthcare buy, to the sweeping new flexibility in 529 education savings plans, Kevin and Chris break down what these developments mean for investors and portfolios in today’s volatile market.
Markets are near all-time highs, volatily is back, debt levels are soaring, and economic uncertainty is growing — is now the right time to be fully invested? Anthony Scaramucci welcomes Rocklinc Investment Partners CEO Jonathan Wellum to unpack his value investing strategy, why he’s keeping 25% cash on hand, and how to protect and grow your wealth in an overheated market.
If you haven’t done so, don’t forget to watch part I of Jim Grant’s interview here: https://youtu.be/LtoCp6Iepqw
Rise UP!—your go-to weekly market and economic recap, where the week’s biggest financial stories meet expert analysis. Hosted by two of the industry’s most accomplished voices, Rise Growth Partners Terri Kallsen, CFP®, and Joe Duran, CFA, along with special guests Peter Boockvar and Scott Schwartz.