Squawk on the Street SOTS 2nd Hour: Alaska Flies Higher, The Playbook For 2025, and Odds of a Pause or Pivot 12/10/24
Dec 10, 2024
Exploring stock market expectations, insights from top strategists reveal debates on potential rate cuts amidst positive economic data. An exclusive chat with Alaska Airlines' CEO highlights their bullish stock performance and growth strategies. With Oracle struggling on disappointing results, the team analyzes the tech landscape, including the rise of Amazon's drone delivery program. Plus, the impact of major events and trends on the economy is under scrutiny, creating a multifaceted view of the financial world.
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Oracle's AI-Driven Growth
- Oracle's earnings miss and disappointing forecast contribute to a significant stock drop, yet the company's stock is still up substantially year-to-date.
- Despite the short-term setback, AI is seen as a key driver of Oracle's long-term growth, influencing both infrastructure and broader applications.
Market Outlook and Volatility
- Market valuations are high, with the S&P trading at 24 times trailing earnings, exceeding expectations.
- Despite this, strategists remain bullish on the market, anticipating continued growth but with increased volatility.
Alaska Airlines' Expansion Strategy
- Alaska Airlines is expanding its international presence from Seattle, starting with Tokyo and Seoul.
- The company plans to leverage its acquisition of Hawaiian Airlines and new aircraft to grow its international network.