Oracle reported its fiscal third quarter earnings that missed most analyst expectations and the stock dropped 3% in trading as a result. Analysts though did not downgrade the stock and many instead raised their price targets. David Nelson, Chief Strategist at Belpointe Asset Management believes the battle at Oracle is over the cloud transition and the company's organic growth. Nelson thinks this dip is a buying opportunity based on past trading patterns.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

7 Essential Rules for Investing in Tech Stocks

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

Crazy Weak U.S. Dollar Will Make These 10 Companies Huge Winners

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet