The stock market was up on Thursday after the U.S. reached a trade agreement with the United Kingdom. The latter will basically remain on a 10% baseline tariff, but President Donald Trump mentioned that such level could be higher for countries with massive trade surpluses.
This trade agreement between the U.S. and U.K. was the first major agreement since the former imposed widespread tariffs this year.
Overall, S&P 500 was up 0.6% to 5,664, while NASDAQ increased 1.1% to 17,928.
Tweet of the Day
Last qtr, Oracle $ORCL delivered just 4% profit growht on 6% revenue growth.
But management’s outlook was impressive. In the Earnings call, they said:
– Remaining Performance Obligations (RPO) or unbilled revenue is $130 billion, up from $80 billion a year ago.
– Revenue… pic.twitter.com/v3SWayoLOR
— David Sharek (@GrowthStockGuy) May 7, 2025
Chart of the Day
Here is the one-year chart of Oracle (ORCL) as of April 7, 2025, when the stock was at $127.
Last quarter, Oracle delivered just 4% profit growth on 6% revenue growth. Unfortunately, both revenue and profit are slow.
Growth in the AI segment of the infrastructure business is extraordinary, which is 3.5x of last year’s size. Remaining Performance Obligations or unbilled revenue is $130 billion, up from $80 billion a year ago.
Management, however, is expecting 15% and 20% revenue growths in the next two years. As Oracle brings more capacity online, revenues will clearly accelerate.
ORCL is on the radar of our Conservative Growth Portfolio.
