GE Vernova Soars, Oracle Drops, Cracker Barrel Drops on Sales Forecast
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Show Notes
On this episode of Stock Movers:
- GE Vernova (GEV) shares soar after the company doubled its dividend, increased the scope for share buybacks and raised earnings projections. The company has benefited from US demand for electricity driven by data centers, artificial intelligence and overall electrification of the economy, with shares rising about 90% this year.
- Oracle (ORCL) shares are down ahead of quarterly earnings. Three months ago, Oracle Corp.’s scorching earnings outlook sent the shares soaring to their best day in three decades. But a quarter later, things look very different for the database software maker and the AI trade in general.
- Cracker Barrel Old Country Store (CBRL) drops as it expects sales to fall faster than it previously forecast, showing the country-themed restaurant chain is still struggling following a backlash to its failed logo change earlier this year.
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