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Stock You Should Add to Your Portfolio This Week

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Bulls will most surely keep pushing the markets forward; meanwhile, investor focus will be on macro indicators, namely, interest rates and inflation, as the Federal Reserve begins its two-day meeting this week.

Central bank is not expected to make moves on rates, yet it could shed some light into how it sees the economic revival progressing and whether the need to stop some monetary stimulus has indeed appeared.  

As of this writing, stock investors don’t see any danger their favorites may encounter during the week. The S&P 500 closed Friday at a fresh record, posting a 0.4% raise for the week. Keeping this macro picture in mind, here is a stock major investors will be adding to their portfolio in the coming week.

Oracle

Oracle Corporation (NYSE:ORCL) is expected to share its fiscal 2021, fourth-quarter earnings report on Tuesday, June 15th, after the market closes. Analysts are expecting $1.31 a share profit on sales of $11.02 billion.

The shares of the software company are soaring this year on growing demand for the tech giant’s cloud computing services after years of stagnant sales. Its stock finished trading on Friday at $82.90 after surging 28% this year, more than three times the return produced by the benchmark NASDAQ 100 Index.

Growth prospects are improving as the company focuses on cloud computing services in an effort to accelerate revenue growth at the world’s second-largest software maker. Customer interest in the firm’s internet-based applications has finally offset declining demand for its legacy tools.

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