Oracle provides a leading relational database management system developed by Oracle Corporation, headquartered in Austin, Texas. It simplifies infrastructure and processes for data management while enabling high-speed transactions, featuring capabilities such as data warehousing, online transaction processing, and advanced analytics. From a stock perspective, it is becoming clear that Oracle is the new darling on Wall Street. The SIA relative strength (RS) report positions Oracle as a top contender, with shares of ORCL in the #1 spot in the SIA S&P 100 Index Report. Achieving this coveted position is no easy feat, as it must compete with technical leaders like GE Aerospace (GE), Costco (COST), and Eli Lilly (LLY), among others (top 10 attached). From a performance standpoint, ORCL shares are up 58.98% year-to-date and nearly 20% from a few months ago, when these shares were purchased for the SIA Hypothetical US 5-Stock Model. Although a relatively new holding in this model, it is performing exceptionally well and has become a key driver in the high-performance portfolio. The point and figure chart is a textbook example of an easy-to-purchase equity. The green, yellow, and red zones illustrate the shares' position in the SIA S&P 100 Index Report over time, showing they are currently favored. Support levels can be found at $154.40 (3-box), $142.64, and a notable $124.17 support level in the event of any market corrections this Autumn. Resistance, based on a vertical count, is now at $177.35, while a horizontal count indicates resistance at $203.72, with the whole number at $200 offering plenty of room for growth from current levels. With a SMAX score of 10 out of 10âa near-term indicator comparing an asset against various asset classesâOracle is demonstrating strong short-term performance against other investment alternatives, including commodities, currencies, bonds, and both international and domestic equities.
On July 26, 2024, shares of Booking Holdings (BKNG) fell from the SIA favored (green) zone of the SIA S&P 100 Index Report, prompting our rules-based methodology to remove BKNG and add Oracle as the top stock. SIA sold 439 shares of BKNG at $3,968.54, realizing a healthy profit from the original purchase price of $2,499.02 on March 14, 2023. This resulted in a 15-month hold periodâideal for the SIA platform, which is why itâs a preferred choice for elite advisors. Initially viewed as an old-school name, Oracle has demonstrated its relevance, and we expect to uncover even more about its softwareâs potential in the future. Proceeds from the sale of BKNG were reinvested to acquire 18,969 shares of ORCL at $138.87 on the same day. The SIA US 5-Stock Model is a key component of the SIA model lineup, consistently featuring five top US relative strength names. Current positions include Goldman Sachs, GE Aerospace, Costco, Oracle, and Netflix, with GE Aerospace leading contributions, followed now by Oracle. This strategy has achieved a Compound Annual Growth Rate (CAGR) of 14.55% (gross of fees) compared to 8.09% for the S&P 500 benchmark, based on live trades over the past 10 years and back-tested beyond. Year-to-date performance stands at 78.86%, significantly outpacing the benchmark's 19.89% (full analytics are attached). This 5-stock model is ironically well-diversified, comprising mega-cap companies with global reach across various industries, including Computers, Aerospace, Food, Banking and Media. Think of it as a mini mutual fund, or consider pairing it with other SIA 5-Stock Model portfolios to create a top tier 15 or 20-stock portfolio. Quick, easy, and provenâif youâre interested, give your SIA agent a call; weâre always happy to assist.
Disclaimer: SIACharts Inc. specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investors investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIACharts Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.
