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Oracle Cloud Sales Boost Results; Cintas Agrees to Buy UniFirst; JPMorgan Restricts Private Credit Lending
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Oracle (ORCL) shares rise after the software company reported third-quarter results that beat expectations and also raised its full-year revenue forecast. Analysts note strength in its Oracle Cloud Infrastructure business.
- Cintas (CTAS) has agreed to buy UniFirst (UNF) in a cash-and-stock deal valuing the uniform supplier at $5.5 billion, clinching a years-long pursuit of its rival.
- JPMorgan Chase (JPM) is restricting some lending to private credit funds after marking down the value of certain loans in their portfolios, according to a person familiar with the matter, in the latest sign of stress in the $1.8 trillion industry.
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