CNBC's "Fast Money" Oracle Reports Results… And Stocks Swing Amid Iran War Developments 3/10/26
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Mar 10, 2026 Gil Loria, Managing Director and Head of Tech Research at DA Davidson, offers quick takes on Oracle’s quarter and what its margins and backlog signal. He breaks down AI-driven cloud demand, data-center plans and valuation of Oracle’s TikTok stake. Markets also swing as energy and Middle East developments roil stocks and memory names.
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Strait Of Hormuz Reports Were Ambiguous
- Official statements about mines in the Strait of Hormuz were unclear, prompting market volatility.
- President Trump said US strikes destroyed inactive mine-laying boats while noting uncertain evidence of active mines.
Prefer Cash Flow Energy Names Over Chasing Oil Spikes
- Energy equities are tradable on volatility; prefer integrators with strong free cash flow rather than buying during crude price spikes.
- Panelists recommended waiting for oil to stabilize in low-to-mid $80s before adding energy exposure.
Memory Stocks Rally Is Powerful But Fragile
- Memory stocks staged a massive rally (SanDisk up 160% YTD) but remain highly volatile and hair-trigger selloffs are possible.
- Panelists warned the move was dramatic and not one to chase without exit plans.