Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) posted quarterly cloud revenue that was better than expected and projected strong sales in the upcoming fiscal year, a sign the company is making good on its massive AI bookings. Revenue in Oracle’s closely watched infrastructure business gained 84% to $4.9 billion in the period ended Feb. 28, the company said Tuesday in a statement. That marked a faster increase than the 79% anticipated by analysts and a 68% sales rise in the previous quarter. The shares increased about 7% in extended trading after closing at $149.40 in New York. The stock had lost more than 50% of its value from a September peak through Tuesday’s close as Wall Street grew worried about the costs and logistics associated with the massive build-out.
- Amazon (AMZN) has raised $37 billion from a US dollar bond sale that could swell to nearly $50 billion with a planned euro debt offering. The blockbuster fundraising is the fourth-largest US corporate bond sale on record and the biggest that isn’t tied to an acquisition. The offering was increased from initial guidance of $25 billion to $30 billion. Amazon sold US high-grade debt in 11 tranches, ranging from two to 50 years. Pricing on the longest portion of that offering — a note maturing in 2076 — tightened by 0.25 percentage point to 1.3 percentage point above Treasuries, according to a person familiar with the transaction. Shares of Amazon closed higher in trading on Tuesday.
- Goeasy (GSY) shares dropped on Tuesday, in its biggest intraday decline in about six years, after the non-prime lender announced it expects to incur a C$178 million incremental charge off in 4Q 2025 against its C$5.5 billion gross consumer loans receivable, withdrawing its previously issued outlook and three-year forecast. The shares fell to their lowest level since November 2020.
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