Third-Quarter 2024 Winners and Losers
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The third quarter of 2024 saw unexpected stock market winners, with Oracle (ORCL) gaining 20% due to strong Q1 results and a 46% increase in Cloud Infrastructure revenue. Palantir (PLTR) rose 45% as retail investors increased their positions. Tesla (TSLA) gained over 30%, buoyed by future robo taxi profits. Conversely, losers included Micron (MU) with an 18% loss, Intel (INTC) down 23% after poor results, and Occidental Petroleum (OXY) losing nearly 20% amid falling WTI crude prices.
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