Oracletacked on 1% Friday ahead of its quarterly earnings report due out after the close on Monday.
Wall Street analysts are looking for Oracle to report earnings of 18 cents a share, up 2 cents from the year-ago quarter. Sales are expected to rise 14% to $3.53 billion. Analysts expect the database business to be solid, and they’ll also be watching new license sales for signs of demand.
The report will also be the first to include partial results from the recently acquired Siebel Systems.
Also next week, the government will report wholesale inflation data on Tuesday, and Adobewill release its results on Wednesday.
Stocks posted modest gains on a “quadruple witching” Friday, the quarterly expiration of stock and index futures and options. A decline in crude oil prices also helped.
The Nasdaq rose 7 to 2306, the S&P 500 gained 2 to 1307, and the Dow climbed 26 to 11,279. Volume rose to 2.55 billion shares on the NYSE, and 2.62 billion on the Nasdaq. Advancers led 17-14 on the NYSE, and 15-14 on the Nasdaq. Upside volume was 54% on the NYSE, and 61% on the Nasdaq. New highs-new lows were 273-27 on the NYSE, and 185-48 on the Nasdaq.
Rambusgained 6% on a licensing deal with IBM.
SBAclimbed 11% on an acquisition.
Tektronixjumped 12% on its results.
Crayfell 10% on a revenue recognition issue, while UTStarcomand Tekeleclost 6% each after delaying their annual reports.
Note:The Technical Analysis column will return on Monday.