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The 3 Smartest Stocks to Buy in a Reopening Economy

5 years 4 months ago
The U.S. equity market has been choppy in the first half of May 2021. After reaching a record high on May 7, the S&P 500 has taken a hit on fears related to increasing inflation and tightening monetary policy.However, this emotion-driven pullback offers the perfect entry poin
The Motley Fool

Oracle Wins Cloud Contract from Dish’s 5G Network Project

5 years 4 months ago
Oracle (ORCL) has secured a cloud computing contract with Dish Wireless, the unit of DISH Network (DISH) focused on mobile services. Oracle sells business software and competes for cloud market share with Amazon (AMZN), Microsoft (MSFT), and Alphabet’s (GOOGL) Google.Dish is building a cloud-based 5G network as it works to expand its wireless business and diversify outside its legacy satellite pay-TV market. It has selected Oracle Cloud to provide the service-based architecture for the 5G network. “Oracle’s capabilities will essentially serve as the control tower of our network core, enabling our customers to consume software on demand,” said Marc Rouanne, chief network officer at Dish Wireless.The financial terms of the deal were not revealed, but it gives Oracle an important role in Dish’s 5G network build-out project. In addition to the Dish Wireless contract, Oracle also announced teaming up with Oxford University in an arrangement that involves using its cloud resources to fight the COVID-19 pandemic. The goal is to speed up genetic analysis of the coronavirus to help identify variants quickly. The outbreak of new COVID-19 strains is frustrating the efforts to bring the pandemic to an end. (See Oracle stock analysis on TipRanks)On April 23, Wolfe Research analyst Alex Zukin initiated coverage on Oracle stock with a Hold rating and a $75 price target. Zukin’s price target points to 4.93% downside potential. The analyst observed that Oracle’s business has not been growing well lately and needs to improve for the stock to rise.“We ultimately believe ORCL needs to show mid-single digit growth for shares to meaningfully re-rate and outperform other software stocks over a multi-year horizon,” noted Zukin.Consensus among analysts on Wall Street is a Moderate Buy based on 8 Buy and 14 Hold ratings. The average analyst price target of $74.42 implies 5.67% downside potential to current levels.ORCL scores an 8 out of 10 on TipRanks’ Smart Score rating system, indicating the stock is likely to outperform the market.Related News: Visa Partners with CoinZoom to Enable Cryptocurrency PaymentsGeneral Mills to Snap up Tyson Food’s Pet Treats Business for $1.2BDoorDash Reports Strong Q1 Results; Stock Soars 21.68%
TipRanks

New Investor? Here Are 3 Great Starter Stocks

5 years 4 months ago
As a new investor, it's important to consider your risk tolerance. Some people may be more comfortable with exchange-traded funds (ETFs), while others may prefer to pick stocks. If you decide on the latter, bear in mind you'll need do your homework. It's important to understand a
The Motley Fool

Have $1,000? The Tech Sell-Off Just Put This Stock on Sale.

5 years 4 months ago
With the recent hack of Colonial Pipeline leading to gas shortages on the East Coast, it's clearer than ever why company executives have security as a top priority. Many are implementing an idea known as "zero trust." Just like it sounds, it's a policy of not trusting anyone. In
The Motley Fool
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