Johnson Controls International (JCI) shares declined in Tuesday’s trading after quarterly results missed estimates and 2024 profit guidance also disappointed. The fallout from a recent cyberattack on the company is also predicted to continue to affect the company into the first quarter.
JMP Securities upgraded Zillow Group (Z) to “Outperform” from “Perform,” arguing that consensus estimates are too low and that housing will benefit from a decline in interest rates. The firm believes Zillow can navigate hurdles from the antitrust ruling on real estate practices.
Oracle (ORCL) shares dropped after softer second-quarter cloud revenue. For some analysts and investors, the results underscore Oracle’s struggles gaining share against dominant cloud providers like Amazon (AMZN) and Microsoft (MSFT).
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