The oracle result is out and it beats estimates by 3 cents. The stock moved up to 26. I do not like it at this level. It is trading at 20xP/E and they are getting into more and more lower margin hardware business. The hire of Mark Hurd is not a wise decision.
Research in Motion is also beating the estimates as well. The street does not like this name. Apple and Android phones are eating its lunch. The stock valuation is not expensive but competitions are increasing and margins are shrinking. The stock may pop tomorrow due to short covering. Sell quickly if you own it.
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