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Retail investors talked up five hot stocks this week (March 2 to March 6) on X and Reddit’s r/WallStreetBets, driven by retail hype, earnings, AI buzz, and corporate news flow.
Oracle Corp. (NYSE:ORCL), Webull Corp. (NASDAQ:BULL), SanDisk Corp. (NASDAQ:SNDK), Palantir Technologies Inc. (NASDAQ:PLTR), Broadcom Inc. (NASDAQ:AVGO), spanning software, semiconductors, investment platforms, storage, cybersecurity, and AI, reflected diverse investor interests.
Oracle
- ORCL was in focus for its challenges with aggressive AI data center expansion and related cost pressures. On March 3, Oracle officially announced that its third-quarter earnings would be released after market close on March 10, with a conference call to follow. More significantly, reports emerged around March 5 that Oracle is planning to cut thousands of jobs across divisions as soon as this month to address a cash crunch from massive AI infrastructure spending, with some reductions targeting roles less needed due to AI advancements and internal reviews of open positions in the cloud unit.
- Some retail investors were questioning ORCL’s massive bets on the AI boom.
- The stock had a 52-week range of $118.86 to $345.72, trading around $154 to $157 per share, as of the publication of this article. It fell 4.19% over the year and 33.51% over the last six months.
- ORCL had a weaker price trend in the short, medium, and long term, with a poor value ranking, as per Benzinga’s Edge Stock Rankings.
Webull
- BULL was in focus this week after it reported a mixed fourth-quarter earnings report. Quarterly earnings of one cent per share missed the Street estimate of four cents, and revenue clocked in at $165.2 million, which beat the consensus estimate of $160.81 million. Rosenblatt Securities reiterated its Buy rating, arguing …
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