News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

Why ARM, PLTR, SMCI, and ORCL Rallied

After the weekend, markets took a break to re-consider the selling pressure in artificial intelligence names. ARM Holdings (ARM) gained 7% to close at $125.54. Chart readers should note that ARM stock faces resistance at around $141. The price-to-earnings ratio is 319 times, which may still mean the downtrend continues in the coming days.

Super Micro Computer (SMCI) gained 6.06% to close at $409.87 on Monday. Investors are betting that heightened scrutiny and the impact of the filing delay is not material. In addition, buyers believe that none of the investor suits will go anywhere.

Last Friday after markets closed, the S&P 500 (IVV) index said it would add Dell Technologies (DELL) and Palantir (PLTR). PLTR stock gained 14.08% to close at $34.60. This is a price not seen since 2021. During the pandemic bubble, PLTR stock traded at nearly $45.00, albeit briefly. Palantir’s inclusion on the index likely lifted AI-related names.

After markets closed on Monday, database software firm Oracle (ORCL) posted revenue of $13.3 billion (+6.8% Y/Y). At $1.06 in real EPS, ORCL stock trades at a 30x P/E ratio. Watch for the stock opening up by between 8.0% and 10.0%.

Oracle’s rally should also give MongoDB (MDB) a boost today.