Loan Relief Now

Oracle beat street estimates and enjoyed a +4% gain on Friday. Nike also beat, but shed about 1.8%. Why the difference? Some claim options expirations, some claim profit taking (and it’s true, NKE had a nice run up from 56 on Tuesday to 61 (9%) immediately after earnings announced). Actually, for those who had their limits placed at 61, it never hit — the rally stalled at 60.99. Remember, it’s a good idea to not put even numbers in your limit orders.

Oracle also had a nice gain from 20 to 22 (10%) during the week. So both stocks went up in anticipation of earnings, and both had given guidance that they would beat.