Oracle’s AI Boom, Lululemon’s Disastrous Quarter, and a Canadian Mining Megamerger
Description
In this episode, we cover some of the biggest stories shaping markets this week. Oracle shocked investors with blowout guidance which led the stock to be up 40% and close to joining the trillion dollar market cap club. We also look at weak job numbers coming out for Canada and the US and what it means for investors.
In the mining space, we discuss the proposed merger between Teck Resources and Anglo American. We finish the episode by talking about Lululemon’s rough quarter and weak guidance and how BRP may finally be turning things around.
Tickers of stocks discussed: ORCL, META, NVDA, AMD, TECK, LULU, DOO.TO
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