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JPMorgan Sees Headwinds for Oilfield Services Stocks — But These 2 Picks Are Poised to Outperform

Increasing chaos in the Middle East usually brings an oil shock with it – but we also have an incoming second Trump administration, one that is likely to push for an expansion of American domestic oil production. How these currents will interact is difficult to predict, but the oil industry experts at JPMorgan have some insights into the situation. In short, the bank sees likely strength on the exploration and production side of the US oil industry, from a combination of improved efficiencies in

Oracle revenue misses Wall Street estimates amid stiff cloud competition

(Reuters) -Oracle's second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended trading. While seeing healthy growth in its cloud segment, Oracle competes with cloud heavyweights such as Microsoft and Amazon, which have established a large presence in the field. Wall Street expectations for AI-linked firms have been high as they bet on the technology to be a strong growth driver in the future.