Options Market Statistics: Oracle 4Q Revenue, Net Income Beat Estimates, Options Pop

Petroleo Brasileiro has new management that will change the Brazilian oil company's strategy, but those changes are not expected to be material, JP Morgan analysts say in a research note. The new management team has announced a new pricing policy that isn't a major change from its previous policy, with the top of the band close to parity and the bottom representing a guarantee that Petrobras won't go back to selling fuel at prices were below import parity, which created large losses in its downstream business, the analysts say. They upgrade the stock to an overweight rating.

Shares of Oracle Corp. rose after hours Monday after the IT and cloud infrastructure provider reported fiscal fourth-quarter results that topped expectations, helped by a jump in cloud revenue that executives said positioned the company well for an increasingly AI-dominant future.

Oracle reported fourth-quarter net income of $3.32 billion, or $1.19 a share, compared with $3.19 billion, or $1.16 a share, in the same quarter last year. Revenue rose 17% to $13.84 billion, compared with $11.84 billion in the prior-year quarter.

Carnival's stock climbs toward a 13-month high, and BofA says valuation is 'not stretched by any metric'.

JPMorgan's Boss said his "key takeaway" from a recent meeting with Carnival Chief Executive Officer John Weinstein was that the company was "no longer riding the coattails of a post-pause pent-up demand," as demand from different customer types has returned to prepandemic balances, with "new-to-cruise" demand inflecting this year.