Oracle Hits 52-Week High

The stock market continues to climb. The S&P 500 has been as high as 1,447.75 this morning which is its highest point in two months. We’re not that far from making a new five-year high.

The big news today is that GM ($GM) will be buying back 200 million shares from the Treasury. That’s given a nice boost to GM’s stock price which in turn is helping out Ford ($F). Ford’s stock has been as high as $11.85 today which is an eight-month high.

The best news is that Oracle ($ORCL) is up nicely this morning on yesterday’s earnings report. I see that Oracle is at a new 52-week high. The stock has been as high as $34.15 this morning. Was this stock really below $26 per share in June?

Nicholas Financial ($NICK) is down about $2 per share today because of course, shareholders aren’t really at a loss since the dividend date has just passed.

After the close, we’ll get earnings from Bed Bath & Beyond ($BBBY).

Posted by on December 19th, 2012 at 10:21 am

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