Squawk on the Street SOTS 2nd Hour: Stocks Under Pressure, Lilly’s Next Big Bet, & Oracle CEO Safra Katz 2/20/25
Feb 20, 2025
Safra Katz, CEO of Oracle, shares her insights on the transformative role of AI and cloud computing in business at the Future Investment Institute. She discusses innovative strategies that differentiate Oracle in a competitive landscape. Meanwhile, Ernie Garcia, CEO of Carvana, analyzes his company's recent earnings report, revealing how despite exceeding expectations, their stock faced a significant drop. He highlights the challenges of inventory management and adapting to changing consumer demands in the automotive retail sector.
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Walmart's Stock Pressure
- Walmart's stock decline looks steep, but it was priced for perfection.
- The market is currently sensitive to any economic slowdown signals.
Walmart's Bull Case
- Walmart's strong same-store sales and incremental operating income support a bullish case.
- Their guidance might appear cautious, but it positions them for consistent outperformance.
Retail Guidance
- Expect other retailers to issue cautious guidance due to market volatility and uncertainty.
- This cautious approach allows for consistent delivery on stated goals.