Oracle earnings, Apple, Potbelly & RaceTrac: Trending Tickers

Market Catalysts host Julie Hyman and senior reporter Allie Canal track several of the day's top trending stock tickers, including Oracle (ORCL) as co-founder and former CEO Larry Ellison surpasses Elon Musk as the world's richest person, Apple stock (AAPL) reaction to its iPhone 17 launch event, and RaceTrac's acquisition of Potbelly (PBPB).

To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

Video Transcript

00:03 Speaker A

Now time for some of today's training tickers. We are watching Oracle, Apple and Potbelly. First up, we got Oracle with the stock nearing a trillion dollars in value. It has taken its founder Larry Ellison's wealth higher than that of Elon Musk. Joining me for more, Yahoo Finance's Allie Canal. Uh so the shares now up 41%.

00:23 Speaker B

Yeah.

00:24 Speaker A

It's a record one day gain.

00:25 Speaker B

Mhm.

00:26 Speaker A

And so record one day gain, I guess for Larry Ellison's wealth likely as well.

00:30 Speaker B

Exactly. He has a 41% stake. It's now nearing $400 billion. That overtakes Elon Musk's net worth of just around $384 billion. Now, Elon Musk, that's been hit by the Tesla share decline that we've seen really throughout the course of the year, especially after his uncoupling with President Trump, that uh stock saw a bit of volatility. But I mean this Oracle move just really encapsulates what we've been talking about when it comes to the future of the S&P 500 and what could lead the gains, lead the rally. Brook was just mentioning some of those S&P target increases, and across the board, whether you look at Barclays, Deutsche Bank, Well Fargo, they all mention AI, they all mention that Cap Expend. and it's really the offshoots of AI too, all these software companies that are now benefiting uh from this aggressive spending that we've seen across the board here.

01:31 Speaker A

Yeah, I mean, I'm also interested like I find Larry Ellison a fascinating figure, right? And this is a guy who's been known as a really rich guy for a really long time. I mean, he's 80, so that in comparison uh with Musk who's in his 50s, right? So, he owns a bunch of Hawaii, right? He you know, he's known as um being a guy who is extremely wealthy and who is not afraid to spend that money around.

02:00 Speaker B

And his son.

02:01 Speaker A

Yes, who has now intersected with your normal universe.

02:04 Speaker B

Yes, David Ellison. Sky dance Media acquired Paramount. Now we have Paramount Sky dance and I believe Oracle is an investor or his father is an investor in this deal. So, yes, just a lot of different industries now that the Ellison family has their hands in.

02:22 Speaker A

Yeah, exactly. All right, let's talk about another mover here. Uh Apple. Shares of the iPhone maker sliding after its product event. fell short, at least according to what what some analysts were seeing. Now, I saw a lot of talk, Ally, about the new iPhone Air, which everybody said is really cool, it's really thin, but nobody really needs. Like in other words that most of the reviews I saw said, the iPhone the newer versions of the iPhone 17 are much more useful than the air.

02:59 Speaker B

Yeah, I think that's what people want. They want the capabilities to shoot better pictures. They want to have sharper images. They want maybe even some AI use cases, which we know that Apple, compared to a lot of the other tech players has been a bit behind with, and that's part of the reason why we've seen shares struggle. So it just doesn't seem like this was this revolutionary Apple event that we've been used to in the past, and that's why you're seeing shares down today around 3%, just that disappointed disappointment there. And there's also the the consumer question within this current environment, how much they will spend on some of these maybe more discretionary purchases when it comes to upgrading their phones. I mean, my phone, it's I I I'm very ashamed to say, it is cracked all over the place. I can't even take this case off, but it works fine. Do I necessarily need to spend a lot of money to purchase a new phone? And I'm a little nervous with how thin the iPhone Air is. Does that mean it it's going to break more than the other phones? Is it a little bit

04:09 Speaker A

Yeah, I don't know. I haven't I haven't read as much about the durability of it. but but I mean, basically, the phone is now more of a utility than a cool gadget, right? And unless Apple has something more you know, sort of that moves the needle more, um, it seems hard to see what

04:31 Speaker B

Yeah.

04:31 Speaker A

you know, what what change you know, those those those Apple events of your that you refer to, like those feel pretty far in the past at this point.

04:39 Speaker B

It's not the cultural event that it once was. just if you're unveiling a new iPhone, the upgrade cycle, it it doesn't carry as much weight, especially when you have AI just dominating the conversation.

04:49 Speaker A

For sure. Um and finally, very far from the phone, Hot Belly, those shares are surging after Racetrack, which is a privately held convenience retailer, agreed to buy the sandwich and salad chain in an all cash transaction for $17.12 a share. So those shares are surging today.

05:14 Speaker B

Yeah, we're seeing that reaction for Potbelly, and this has really been framed as a win-win. Here, Racetrack is an Atlanta based family-owned convenience store. They operate 800 plus locations across 14 states. It previously acquired Gulf oil in 2023. So I'm I'm from the Philly area, so this reminds me of a Wawa play. So a little bit more niche there. But for racetrack, this deepens its expansion into food services and then for Pot Belly, it's a chance for this company to really scale beyond its current footprint. a big presence in Chicago around 500 US shops, mix of company owned and franchise, but their long-term goal is 2,000 locations. So it seems like that's their play to try and expand their footprint. Now they're under this deep pocket uh fast- growing operator. So you're we'll see where this leads Pop Belly, but you are seeing that reaction in shares. So investors at least right now are happy about this.

06:26 Speaker A

Yeah, and the shares we should say, they hit their prior peak in um early 20 uh 24. And then they've been kind of languishing over the past year. They haven't sort of managed to break out again, but today they've broken out and then some.

06:44 Speaker B

Yeah, and that's what the CEO said that this is a good thing for shareholders. And with a 30% pop, I would say so as well.

06:51 Speaker A

Yeah, not bad. All right, thanks so much, Allie. As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finances training Tiers page. Related Videos

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