Two Updates: Oracle Corp & Dell Inc.
- Lester Davids
- Jun 13
- 1 min read
Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june
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Last night, Oracle Corp has rallied to an all-time.
In September, Dell Inc. The share rallied from $115 to $145 before retreating.
Previous Post: Offshore: The Stock Reminds Me of Oracle - Thursday, 12 September 2024
Real-Time: 19h07 (South African Time) / U.S Trading Session
Just over 12 months ago I presented Oracle Corp as a buy/long opportunity.
Over the period, the share has proceeded to print all-time highs at $162 from the suggested entry of $117.
DELL Technologies is a beneficiary of the boom in Artificial Intelligence (AI) and the pullback offers an opportunity to participate in a potential new leg higher.
Buy Idea
Entry at $112.15
Targets: $132.55 and $152.92
Stop-loss: $90.43

Reference: Buy Oracle Corp (18 July 2023)

I also re-iterated my view in January of this year as the share retraced to $106.

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