HomeMarketsIndicesStocks Movers Today: ORCL, COIN, NFLX, NTAP
Stocks Movers Today: ORCL, COIN, NFLX, NTAP

The stock market today opened higher following Monday’s sell-off. Do the markets want Fed chair Jerome Powell to be hawkish? “First the CPI report, then the negative Consumer Sentiment report, followed by the New York Fed Expectations report, all could indicate that inflation is entrenched in consumers,” says Shawn Cruz. Next, Oracle (ORCL) earnings report is in focus as it beat both on the top and bottom lines. The ORCL stock price is trading higher following the announcement. How does it compare to other cloud stocks like VMware (VMW), Adobe (ADBE), and Salesforce (CRM)? Also, Coinbase (COIN) announced that the company is reducing the size of its team by about 18%. The COIN stock was downgraded to neutral from overweight at JPMorgan. The analyst sees potential for more downside should crypto markets not stabilize. Netflix (NFLX) was downgraded to sell from hold at Benchmark. The NFLX stock price is down almost 72% year-to-date.

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