Microsoft could gain 16% over the next year as cloud computing becomes a “transformational secular trend,” according to Dan Ives, Wedbush senior technology analyst. His team explained in a note to clients that the current work-from-home environment is catalyzing more workplaces to adopt cloud technologies, and Microsoft’s cloud computing platform […]
Oracle jumped as much as 10% in early Monday trading on reports that the firm won bidding for a partnership with TikTok’s US business. The news comes after the White House threatened to ban the ByteDance-owned app on data security concerns if it didn’t sell its US arm to an […]
The Dow Jones industrial average erased its 2020 losses on Thursday as stocks rallied on the Federal Reserve’s new monetary policy framework. The 30-stock index gained as much as 1.1% in the session. Microsoft and Walmart led the index higher following news of their joint bid for TikTok. The Dow […]
Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Respondents were asked which single stock they’d most like to hold on a long-term […]
Dan Ives of Wedbush Securities told CNBC that a TikTok acquisition could be worth $US200 billion in three years for Microsoft, if the deal goes through. Ives said Microsoft is the “white knight” to buy TikTok following Trump’s Monday announcement that the app must be sold by September 15. The […]
Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $US46 billion erased from the tech giant’s market cap. A “continued customer shift to cloud offerings from multi-year on-premises agreements” harmed the company’s transactional licensing business, Microsoft […]
The Nasdaq composite turned positive for the year-to-date on Thursday as major tech names fuel a rapid recovery. The index sat nearly 24% lower at its trough, but a combination of investor risk-taking and strong tech earnings fuelled strong gains through April. Facebook,Apple,Amazon,Microsoft, and Alphabet make up 38% of the […]
The stock market has been propped up by a handful of mega-cap companies leading into the outb reak of the coronavirus pandemic. The five largest stocks now account for 20% of the S&P 500 market cap, which exceeds the 18% concentration level reached during the dot-com bubble. Historically, such narrow […]
Facebook on Friday announced “Messenger Rooms” – a video conferencing platform that allows up to 50 people to join a single room and interact with each other. The new product offering will be a direct competitor to Zoom Video and Google Hangouts, two products that have seen a surge in […]
Daniel Ives of Wedbush wrote in a Monday note that cloud stocks such as Amazon and Microsoft are poised to benefit from the coronavirus pandemic. “During the darkest period of a shock event with doomsday worries front and centre, fundamentals and valuations get thrown out the window as pure fear […]
Several companies have lowered or withdrawn their forward-looking revenue estimates as the coronavirus tears into operations. Microsoft was the most recent to warn investors of the outbreak’s effect on financials, announcing Wednesday its Windows and Surface businesses would see worse-than-expected sales due to supply chain disruption. The announcement drove Microsoft […]
Microsoft shares could be set for a huge bump...
This story was originally sent to thousands of...