Oracle: Earnings Beat and a $553B Backlog Make a Case to Buy the Dip
Oracle rallied after a clean Q3 beat and raised guidance, driven by 44% cloud growth, 84% infrastructure growth and a $553 billion backlog. The market is worried about heavy CapEx and negative free cash flow, but the worst of the spending fear may already be priced in. We outline a mid-term swing trade with explicit entry, stop and target while fla…