Core Viewpoint - Oracle Corporation (NYSE:ORCL) is considered a strong buy due to its growth potential despite recent concerns over rising debt levels and stock price fluctuations [1][2]. Financial Performance - Oracle raised $18 billion in new debt, bringing its total credit to over $100 billion [1]. - The stock has experienced a decline of more than 29% over the last month but remains up approximately 18.5% year-to-date [1]. Market Sentiment - Victoria Greene, CIO of G Squared Private Wealth, expressed confidence in Oracle's growth story, stating that the debt is manageable and necessary for capitalizing on growth opportunities [2]. - Greene emphasized that the market's skepticism towards Oracle's debt accumulation is unwarranted, especially in the context of pursuing growth during a transformative era [2]. Credit and Bond Status - The company's credit default swaps (CDS) are below 2022 levels, indicating a stable credit outlook, and its bonds are not distressed [3]. - The stock price holding above $200 is viewed as a positive indicator and a potential buying opportunity [3]. Business Model - Oracle provides cloud-based applications and secure, automated infrastructure through its Oracle Cloud Platform, positioning itself well in the evolving tech landscape [3].
Victoria Greene Remains a Buyer of Oracle Corporation (ORCL), Despite a 29% Decline Last Month