From Nasdaq:

The S&P 500 index ended 2023 with a massive rally, soaring 16% in late October through December. However, 2024 opened with some volatility and the index gave back some gains. Analyst Tom Lee believes the broader market may see a 7% drop in the short term, signaling an opportunity to buy stocks at a discount, but also trim non-performing holdings.

Oracle offers an incredible AI opportunity with a strong focus on cloud computing services. The company boasts 66 data centers worldwide that are being upgraded to handle AI workloads for business customers. With 100 more AI-focused data centers in the pipeline, Oracle is attracting AI start-ups and driving substantial revenue growth.

Peloton, despite once being a pandemic darling, has seen a 96% drop from its all-time high in 2020. The company’s rapid revenue decline is causing significant concern for the future, with heavy losses and a potential need for a cash infusion. With revenue expected to shrink further in 2024, Peloton may be in a tough downward spiral.

Oracle stock is currently trading at 14% below its all-time high and is considered a great buy at this time. On the other hand, considering the uncertainty and downward spiral Peloton is facing, investors might want to steer clear of the stock completely.



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