TheStreet's Jim Cramer is looking for more insight into Oracle's (ORCL) cloud computing business when the company releases its earnings report on Thursday. Last month, Oracle bought NetSuite, which Cramer says gives it bragging rights as potentially the fastest growing cloud computing software as a service company that's competing against Salesforce (CRM) . Cramer wants to hear whether Oracle is having any trouble closing big contracts, since that's an issue that competitor Workday (WDAY) is facing. Oracle is set to release its quarterly results after the close.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.