Oracle announced that longtime CEO Safra Catz will be replaced by two new internal hires: Clay Magouyrk, 39, and Mike Sicilia, 54. The outgoing CEO described the two as “a match made in heaven”—two technical executives who can further propel Oracle into the AI era. The move will marry veteran industry leadership from Sicilia with younger cloud-native expertise in Magouyrk. The latter is a founding member of the $920 billion tech firm’s cloud engineering team and Oracle named him president of cloud infrastr ...

Core Insights - Omnicare, a subsidiary of CVS Health, filed for bankruptcy on September 22, primarily due to recent litigation and financial challenges in the long-term care pharmacy industry [1][2] - The company plans to explore restructuring options, including a standalone restructuring or a sale, while continuing to provide pharmacy services during the Chapter 11 process [2][3] Legal and Financial Context - Omnicare was ordered to pay $949 million in a civil judgment for allegedly improperly dispensing prescription drugs, a ruling the company is currently challenging [4] - The civil lawsuit cited "technical violations of pharmacy law" but did not claim any harm to patients, as stated by Omnicare's President David Azzolina [5] Industry Challenges - CVS Health's President and CEO David Joyner noted that the entire industry is facing pressures, including increased competition and rising costs, particularly in the health benefits unit [6]

monday.com Ltd. (NASDAQ:MNDY) is one of the AI Stocks Making Big Moves on Wall Street. On September 18, KeyBanc analyst Jackson Ader reiterated an Overweight rating on the stock with a $330.00 price target. The rating reiteration follows the company’s investor day at its Elevate Conference in New York. The firm discussed how Monday.com set a 2027 revenue target of $1.8B, below prior expectations. This is why it is lowering its revenue estimates for the next couple of years. However, the target doesn’t inc ...

MongoDB, Inc. (NASDAQ:MDB) is one of the AI Stocks Making Big Moves on Wall Street. On September 18, Stifel analyst Brad Reback raised the price target on the stock to $375.00 (from $325.00) while maintaining a Buy rating. According to the firm, management has presented a “compelling case” during the company’s Analyst Day and User Conference related to the company’s potential to sustain robust top-line growth and profitability. “During Mongo’s analyst-day/user-conference we believe management presented a ...

[Music] All right. Hello and welcome to Asking for a Trend. I'm Miles Oven.And for the next half hour, we're breaking down the trends of today that'll move stocks tomorrow. There's a lot to keep track of, so we're focusing on what you need to know to get ahead of the curve. Here are some of the trends that we'll be diving into on this Monday.Markets closing today at record highs. Will the rally last into the end of the month and the quarter. Credit scores are falling for the second year in a row, and accord ...

Workday, Inc. (NASDAQ:WDAY) is one of the AI Stocks Making Big Moves on Wall Street. On September 17, BofA Securities Analyst Brad Sills reiterated a Buy rating and $265.00 price target on the stock. The rating affirmation follows Workday’s analyst day at its Workday Rising user conference. The firm highlighted Workday’s acquisition of Sana for $1.1 billion, its new partnership with Microsoft to import agents built on Azure AI Foundry into the Illuminate agent platform, and a new flex credit pricing model ...

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!In the spring of last year, I believed that Trimble Inc. (NASDAQ: TRMB ) was in a position again, driven by real green shoots. This came after the company had been quite active on the corporate fr ...

Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks Making Big Moves on Wall Street. On September 17, Wolfe reiterated the stock as “Outperform” and raised its price target to $180 per share from $160. According to the firm, the outlook in commodity memory continues to improve with multiple AI tailwinds. “Reiterate Outperform rating, increasing PT to $180 price target. Our $180 price target is based on ~11x our FY27 EPS of $16.43. Following MU’s positive pre-announcement in August, NAND sentiment ...

The U.S. government’s renewed embrace of tariffs may be slowing deficits at the margins, but it does little to alter the country’s long-term debt trajectory, according to macro strategist Lyn Alden. Speaking with Scott Melker, host of TheStreet Roundtable, Alden described tariffs as the largest tax increase in decades, one that policymakers have been able to push through by calling it a national emergency. “One of the levers that does somewhat slow it are the tariffs,” Alden explained. “That basically rep ...

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Big Moves on Wall Street. On September 17, UBS analyst David Vogt reiterated a Neutral rating on the stock with a $220.00 price target. The firm analyzed early iPhone 17 preorder data which suggests mixed demand for the iPhone 17. “UBS Evidence Lab Data (>Access Data) that tracks iPhone availability across 30 geographies suggests mixed demand for the iPhone 17 lineup since preorders began last Friday. For context, we believe YoY comparisons are more ...